RNS Number : 1191W
Access Intelligence PLC
06 June 2008
FOR RELEASE
7.00AM
6 June 2008
ACCESS INTELLIGENCE PLC
("Access Intelligence" or "the Group")
(Software and computer services)
Trading update
The half year sales to 31st May 2008 finished broadly in line with management's
expectations at £1.9m up 10% on the previous year (2007:
£1.73m). At the period end, cash balances exceeded £500,000.
The second quarter of the financial year saw sales increase by 20% over the first quarter,
as we began to see the results of the
increased sales resource introduced at the beginning of this financial year. However, as a
consequence of investing in the sales resource
the first half loss is likely to be slightly greater than the previous year.
Due North has already benefited from the investment through a win of the South West Centre
of Excellence representing 51 councils.Additionally they have renewed for a further 3 years their e-sourcing contract for the
majority of the UK's police forces. Software as a
service is finding increasing support and both MS2M and Due North are well placed to benefit
from this trend. Our sales teams are in
discussions with significantly more potential customers than this time last year with total
order value potential some 2.4 times greater
than at 31st May 2007. Our success in converting these prospects will be the key driver of the
year's outcome.
Our next update will be on 6th August when our interim results are announced.
For further information:
Access Intelligence plc 01904 520 840
Jeremy Hamer (Non Executive Chairman)
Brendan Austin (Chief Executive)
Colin Davies (Finance Director)
Cubitt Consulting 020 7367 5100
Brian Coleman-Smith / James Verstringhe / Nicola Krafft
Blue Oar Securities 020 7448 4400
Rhod Cruwys / Shane Gallwey
The Group Today
Access Intelligence is based in York with offices in Stockport, Greater Manchester,
Chorley, Lancashire and Newcastle upon Tyne.
It is a compliance led Software and Computer Services group of companies providing
business critical compliance and legislative driven
services to both public and private sectors.
The software services are provided primarily as Software as a Service (SaaS) on a
recurring revenue basis. Its principal software led
services are:
The Virtual Compliance Officer* 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.
mysatcom.net* a compliance portal which enables companies in the general insurance and
mortgage sectors to risk asses their businesses
against FSA compliance requirements.
ProContract* a suite of sourcing and procurement software which enables public sector
bodies and private enterprises to demonstrate
compliance and transparency when acquiring goods and services.
ProContract* 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.
The Group's data management solutions include:
backup & running* ensures secure encrypted online storage and management of data.
Starscan* its anti virus and spam filtering managed service which prevents companies'
servers being brought down by external virus
attacks.
Starserver Monitor* its managed support service which remotely monitors clients' servers
and networks to ensure optimum availability.
The Group's email archiving and high availability storage and retrieval systems, used by
both private and public sectors ensure that
information is available when required in a secure environment. They assist organisations in
their need to comply with initiatives such as
Sarbanes-Oxley and the Data Protection Act.
The Group provides nationwide support services to both public and private sector
organisations in the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
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