Access Intelligence sees revenue grow after ResponseSource acquisition
London-based software as a service (SaaS) firm, Access Intelligence, has reported a top line 10.2% rise in revenue and recorded a small adjusted pre tax profit, versus last year.
The company said revenue rose to £8.89m, which includes revenue from its acquisition of journalist and PR resource service ResponseSource.
Access Intelligence said its annual contract value increased by 45% to £12.4m and adjusted profits before tax and other costs came £30,000 versus a £1.36m loss for last year.
The firm also said it had completed the acquisition of ResponseSource. The firm said this adds depth and breadth to its media and influencer network as well as over 1,500 new customers that include top brand names such as L'Oreal, Panasonic, Pizza Express, Accenture, Deloitte and KPMG, in addition to the majority of the UK's Top 150 PR agencies.
The software firm is listed on the London Stock Exchange and providees software as a service (SaaS) solutions for communications and reputation management.
Access said it was also increasing momentum in new business, adding a number of blue-chip enterprises and large public-sector bodies that include Investec, Honda, RBS, Qatar Airlines, Carlsberg, the Football Association, E.On Energy, the Crown Prosecution Service, and Hill & Knowlton.
It was the first set of results since Christopher Satterthwaite was appointed Chairman of company in September last year.
"I am delighted to have joined Access Intelligence at such an exciting time for the business”, he said.
“Our fundamentals are robust, we have strong commercial momentum, and the ResponseSource acquisition provides a platform to accelerate the expansion of our network and enhance the Group's ability to provide a growing client base with data-driven communications intelligence."
The company’s shares were 2.5 per cent lower at 57p in early trading.
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