Access Intelligence PLC Trading Update (8598Q)
11 June 2018 - 4:00PM
UK Regulatory
TIDMACC
RNS Number : 8598Q
Access Intelligence PLC
11 June 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
11 June 2018
ACCESS INTELLIGENCE PLC
("Access Intelligence," "the Company" or "the Group")
Trading Update
New Vuelio platform drives first-half growth, increase in net
annual contract value more than doubles
Access Intelligence plc (AIM: ACC), a leading supplier of
Software-as-a-Service (SaaS) solutions for communications and
reputation management, is pleased to announce that its integrated
Vuelio platform has driven net annual contract value growth of
GBP355k in the first six months of the financial year, from
December 1, 2017 to May 31, 2018.
During this half-year period, Access Intelligence has made
significant progress as a result of the restructuring undertaken in
2017, which has allowed the company focus on its communications
products and services under the Vuelio brand. This focus has driven
new business and upsell opportunities among existing clients for
the Vuelio platform, which gives communicators and PR professionals
solutions for media relations, public affairs, social media and
broader stakeholder engagement.
Access Intelligence has delivered an increase in net annual
contract value of GBP355k over the last six months, compared to an
increase in net annual contract value of GBP151k for the equivalent
period in 2017. The directors expect that the total revenue,
excluding discontinued operations, for the first six months of the
financial year will be in the region of GBP4.3m, approximately 10%
higher than for the equivalent period last year (GBP3.94m), which
is in line with the Board's expectations.
Qatar Airways, Honda Motor Europe, Carlsberg, EON Energy, the
Crown Prosecution Service and The Football Association are among
the clients that have signed up to Vuelio services in the
period.
Joanna Arnold, Access Intelligence CEO, said: "The calibre of
these new blue chip clients is a testament to the high quality and
robust nature of the platform. It also shows what an exciting
proposition the fully-integrated Vuelio platform is in a
communications market where businesses and agencies have an
increased need for rigorous reputation management solutions
following a series of recent high-profile and damaging corporate
crisies."
She added: "I'm delighted with our progress so far in 2018. We
expect ongoing commercial improvements as we continue to innovate
in the communications market."
For further information:
Access Intelligence plc
Michael Jackson (Non-Executive Chairman) 0843 659 2940
Joanna Arnold (CEO)
Allenby Capital Limited
David Worlidge 020 3328 5656
Nicholas Chambers
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END
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