Access Intelligence PLC Sale of AI ControlPoint Limited
March 21 2017 - 12:26PM
RNS Non-Regulatory
TIDMACC
Access Intelligence PLC
21 March 2017
21 March 2017
ACCESS INTELLIGENCE PLC
("Access Intelligence", "the Company" or "the Group")
Sale of AI ControlPoint Limited
Access Intelligence plc (AIM: ACC), a leading supplier of
Software-as-a-Service (SaaS) solutions for reputation management,
announces that it has sold the entire issued share capital of AI
ControlPoint Limited, a wholly owned subsidiary of the Company to
the Norwegian company, One Voice AS, a leading provider of software
solutions for emergency preparedness and crisis management.
AI ControlPoint is a provider of cloud-based Crisis and Incident
Management solutions to highly regulated industries such as Oil and
Gas, Aviation and Local Government. AIControlPoint has developed a
state of the art product set which has been rolled out to existing
clients and provides opportunity to gain further market share.
The Directors of Access Intelligence considered that AI
ControlPoint's business did not fit strategically with Access
Intelligence's core reputation management business. Furthermore,
they believed that the time was now right for AIControlPoint to be
sold to a new owner with the vision to support it through the next
phase of its business development into other industries and
geographies.
Joanna Arnold, Chief Executive of Access Intelligence,
comments:
"The divestment of AI ControlPoint from the Group is in line
with our strategic focus on reputation management software,
continuing to create create value for our shareholders. AI
ControlPoint Ltd is a great business with an incredibly talented
team that will undoubtedly flourish under the ownership of One
Voice AS. We have enjoyed every minute of supporting our customers
with their crisis management needs and wish them well under the new
owners."
Frode Lien Otnes, Chief Executive of One Voice, comments:
"Our strategy is growth, both in Scandinavia and the
international market. With this acquisition, we are taking an
important step and the timing is perfect. We combine our
world-leading product with AIs knowledge in what we see as an
important market. This form a basis for growth, but also further
development of our product. I am extremely pleased that what
started as a small entrepreneurial company in Trondheim, Norway can
now buy our toughest competitor in the international market. "
For further information:
Access Intelligence plc 0843 659 2940
Joanna Arnold (CEO)
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAJBMFTMBTTBJR
(END) Dow Jones Newswires
March 21, 2017 12:26 ET (16:26 GMT)
Access Intelligence (LSE:ACC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Access Intelligence (LSE:ACC)
Historical Stock Chart
From Sep 2023 to Sep 2024