APTD Aptitude Software Group Plc

TIDMAPTD

RNS Number : 6364W

Aptitude Software Group PLC

27 April 2021

27 April 2021

APTITUDE SOFTWARE GROUP plc

('Aptitude Software', 'Company' or 'Group')

AGM Statement

Ivan Martin, Chairman of Aptitude So ft ware Group plc (the "Group"), provides the following trading update in advance of the Annual General Meeting to be held at 9.00 a.m. this morning.

"The Board is pleased to confirm that Aptitude Software continues to make strategic and operational progress.

Aptitude Software has built on the new business wins achieved in the final quarter of 2020 with further successes in the opening months of the current year. These successes include a significant sale of both the Aptitude Accounting Hub and the Aptitude Insurance Calculation Engine to a European insurer and a number of multi-year contracts for the growing Solution Management Services offering. The three market drivers of strategic compliance, finance automation and finance transformation in the cloud have contributed to these successes and the strengthening of the Group's new business pipeline in the year to date.

The Board looks forward to the remainder of 2021 with confidence and continues to anticipate a financial outcome at least consistent with 2020. With a focused portfolio of product and service offerings, an established SaaS capability, increasing worldwide presence and a strengthening partner network the Board is confident the Group is well-positioned to fully realise the significant opportunity ahead."

Contacts

Aptitude Software Group plc

Ivan Martin, Chairman 020-3687-3200

Jeremy Suddards, Chief Executive Officer

Philip Wood, Deputy Chief Executive Officer and Chief Financial Officer

Alma PR

Caroline Forde, Hilary Buchanan, Sam Modlin 020-3405-0205

About Aptitude Software

Aptitude Software's innovative solutions address the growing trend for finance automation, whether part of a broad finance transformation by a client or to address specific regulatory requirements. Our various products take data from complex systems, typically with multiple siloed data sources across multiple business entities, perform complex accounting calculations and create a unified view of finance. This allows our clients to reap numerous benefits including significant efficiencies, business insights, enhanced control and regulatory compliance.

Our clients include some of the world's largest companies, typically organisations with complex financial data and technology landscapes. Development, together with a growing number of other services, continues to be performed at the Aptitude Innovation Centre in Poland with sales, support and implementation services provided from Aptitude Software's London headquarters and the North American and Singaporean regional businesses.

www.aptitudesoftware.com

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