Trading Update

RNS Number : 8598Q

Access Intelligence PLC

11 June 2018

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

11 June 2018

ACCESS INTELLIGENCE PLC

("Access Intelligence," "the Company" or "the Group")

Trading Update

New Vuelio platform drives first-half growth, increase in net annual contract value more than doubles

Access Intelligence plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for communications and reputation management, is pleased to announce that its integrated Vuelio platform has driven net annual contract value growth of £355k in the first six months of the financial year, from December 1, 2017 to May 31, 2018.

During this half-year period, Access Intelligence has made significant progress as a result of the restructuring undertaken in 2017, which has allowed the company focus on its communications products and services under the Vuelio brand.  This focus has driven new business and upsell opportunities among existing clients for the Vuelio platform, which gives communicators and PR professionals solutions for media relations, public affairs, social media and broader stakeholder engagement. 

Access Intelligence has delivered an increase in net annual contract value of £355k over the last six months, compared to an increase in net annual contract value of £151k for the equivalent period in 2017. The directors expect that the total revenue, excluding discontinued operations, for the first six months of the financial year will be in the region of £4.3m, approximately 10% higher than for the equivalent period last year (£3.94m), which is in line with the Board's expectations.

Qatar Airways, Honda Motor Europe, Carlsberg, EON Energy, the Crown Prosecution Service and The Football Association are among the clients that have signed up to Vuelio services in the period. 
 

Joanna Arnold, Access Intelligence CEO, said: "The calibre of these new blue chip clients is a testament to the high quality and robust nature of the platform. It also shows what an exciting proposition the fully-integrated Vuelio platform is in a communications market where businesses and agencies have an increased need for rigorous reputation management solutions following a series of recent high-profile and damaging corporate crisies." 
 

She added: "I'm delighted with our progress so far in 2018. We expect ongoing commercial improvements as we continue to innovate in the communications market." 

For further information: 

Access Intelligence plc

Michael Jackson (Non-Executive Chairman)                                                     0843 659 2940 

Joanna Arnold (CEO) 

Allenby Capital Limited 

David Worlidge                                                                                                   020 3328 5656 

Nicholas Chambers

 

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