Access Intelligence PLC
10 July 2007
FOR RELEASE 7.00AM 10 July 2007
ACCESS INTELLIGENCE PLC
('Access Intelligence' or 'the Group')
'Access Intelligence is a software and Computer Services group of companies
providing business critical and legislative driven services to both public and
private sectors on a recurring basis'
INTERIM RESULTS ANNOUNCEMENT
THURSDAY, 26 JULY 2007
Access Intelligence will be announcing results for the 6 months ended 31 May
2007 on Thursday, 26 July 2007. On the day, the Group will be holding an
analysts' meeting, the details of which are as follows:
Date: Thursday, 26 July 2007
Time: 12.15 pm for 12.30 pm
Venue: Blue Oar Securities
30 Old Broad Street
London, EC2N 1HT
Jeremy Hamer (Chairman), Brendan Austin (Chief Executive) and Colin Davies
(Finance Director) of Access Intelligence will be at the presentation.
Contacts:
Cubitt Consulting Ltd
Brian Coleman-Smith / James Verstringhe / Leanne Denman Tel: 020 7367 5100
Blue Oar Securities
David Seal / Shane Gallwey Tel: 020 7448 4400
Background Note
Access Intelligence is a Software and Computer Services group of companies
providing business critical compliance and legislative driven services to both
public and private sectors on a recurring revenue basis. Since the flotation on
AIM in November 2003, the Group has made three acquisitions.
The Group Today
Access Intelligence is based in York with subsidiaries in York, in Stockport,
Greater Manchester, Chorley, Lancashire and Newcastle upon Tyne.
The company has two principal divisions which are:
• Compliance software and services division:
This includes a range of software including The Virtual Compliance OfficerTM
which enables companies in the retail financial services sector to support their
customer acquisition process whilst also ensuring that they comply with ever
increasing regulations from the EU and the FSA.
ProContractTM our suite of sourcing and procurement software streamlines and
reduces costs of tendering and contract management for both buyers and suppliers
in the public and private sectors. The government has the objective that all
public sector bodies comply with its directive to use methods such as electronic
tendering for goods and services in order that it can meet its planned
reductions in public spending.
• Data Management division:
The architecture and provision of high availability systems for mission critical
applications that enable customers' data to be available at all times in the
event of computer failure.
Backup & RunningTM, our online offsite data storage and retrieval via secure data
centres.
Email archiving. There is an ever increasing compliance emphasis driven by
initiatives such as Sarbannes-Oxley to ensure data is held appropriately and can
be retrieved easily when required.
The Business Model
The Group's income strategy is to build repeating revenues delivered through
recurring contracts ranging between one and five years. This model provides
excellent visibility of future revenues and, with effective customer retention,
outstanding gross margins over the longer term.
The Strategy for Growth
The strategy is to acquire businesses which have good management and high growth
potential that fit the revenue model while, at the same time, adding value to
the Group's existing services.
The businesses acquired will have substantial autonomy to develop within budgets
agreed with the Group Chief Executive and Finance Director, whilst benefiting
from the experience and cross selling opportunities provided by being part of an
expanding group of companies. New companies to the group can take advantage of
back office facilities where appropriate thus enabling them to concentrate on
the core activities of customer acquisition, service delivery and product
development.
At this stage of the Group's development, the Central Group Executive Team,
which is based in York, will be kept to a maximum of four people, including
support staff. The Non-Executive Directors will continue to be involved in
sourcing and evaluating potential acquisitions and monitoring the performance of
the Group.
This information is provided by RNS
The company news service from the London Stock Exchange
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