10th Jul 2007 07:00
Access Intelligence PLC10 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 May2007 on Thursday, 26 July 2007. On the day, the Group will be holding ananalysts' meeting, the details of which are as follows: Date: Thursday, 26 July 2007 Time: 12.15 pm for 12.30 pmVenue: Blue Oar Securities30 Old Broad StreetLondon, 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 SecuritiesDavid Seal / Shane Gallwey Tel: 020 7448 4400 Background Note Access Intelligence is a Software and Computer Services group of companiesproviding business critical compliance and legislative driven services to bothpublic and private sectors on a recurring revenue basis. Since the flotation onAIM 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 OfficerTMwhich enables companies in the retail financial services sector to support theircustomer acquisition process whilst also ensuring that they comply with everincreasing regulations from the EU and the FSA. ProContractTM our suite of sourcing and procurement software streamlines andreduces costs of tendering and contract management for both buyers and suppliersin the public and private sectors. The government has the objective that allpublic sector bodies comply with its directive to use methods such as electronictendering for goods and services in order that it can meet its plannedreductions in public spending. • Data Management division: The architecture and provision of high availability systems for mission criticalapplications that enable customers' data to be available at all times in theevent of computer failure. Backup & RunningTM, our online offsite data storage and retrieval via secure datacentres. Email archiving. There is an ever increasing compliance emphasis driven byinitiatives such as Sarbannes-Oxley to ensure data is held appropriately and canbe retrieved easily when required. The Business Model The Group's income strategy is to build repeating revenues delivered throughrecurring contracts ranging between one and five years. This model providesexcellent 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 growthpotential that fit the revenue model while, at the same time, adding value tothe Group's existing services. The businesses acquired will have substantial autonomy to develop within budgetsagreed with the Group Chief Executive and Finance Director, whilst benefitingfrom the experience and cross selling opportunities provided by being part of anexpanding group of companies. New companies to the group can take advantage ofback office facilities where appropriate thus enabling them to concentrate onthe core activities of customer acquisition, service delivery and productdevelopment. 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, includingsupport staff. The Non-Executive Directors will continue to be involved insourcing and evaluating potential acquisitions and monitoring the performance ofthe Group. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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