Access Group’s growth continues as turnover breaks £40 million

Access Technology Group (Access) has seen another year of substantial growth. The mid-market business management software provider of cloud and on-premise solutions has increased both revenues and EBITDA by over 32%.

Access Technology Group (Access) has seen another year of substantial growth. The mid-market business management software provider of cloud and on-premise solutions has increased both revenues and EBITDA by over 32%.

Access enjoyed another successful year with strong organic growth (13% year-on-year), successful completion and integration of six acquisitions to broaden the product offering for on-premise and SaaS (Software as a Service) solutions and the launch of its internally developed cloud platform, aCloud. The SaaS products contributed 25% of new recurring revenue in the quarter ended 30 June 2013.

Access’ strategy is to provide customers with a range of integrated business management solutions that can be installed on-premise, or accessed through the cloud, to best suit the customer’s requirements.

Access continues to invest heavily, both in people- in all areas of the business- and in product development.

• Total turnover increased by 32% to £43.35million from  £32.93million
• Organic growth at 13%
• Added 51,000 users to SaaS platforms with the launch of aCloud and acquisitions
• Headcount increased  by  36%  to 483 from 354
• R&D spend increased by 32% to £5 million.
• EBITDA grew by 34% to £8.96 million from  £6.70 million
• Two acquisitions were successfully completed to strengthen Access’ product set across all customer segments - SaaS business intelligence (Prelytis SAS) and SaaS communications software (Sazneo)
• Four acquisitions were successfully completed to strengthen Access’ product set in specific vertical markets, namely the Supply Chain Management division (Delta), the Not-For Profit division (ThankQ) and in the HR management division (SaaS acquisitions TeamSeer ,and PeoplePlanner)

Chris Bayne, CEO for Access, said, “Our latest figures evidence again that our growth strategy is really working.  We continue to focus on R&D and organic growth and have been careful to acquire only excellent companies using compatible technologies to accelerate the development of our core software portfolio.  We have increased our customer numbers whilst maintaining the focus on existing customers, offering excellent service reflected in high retention levels.”

 “We expect more substantial growth in the coming year. We have further acquisition plans in place for FY14 and will also continue our focus on organic growth and investing in product development. Our offering to the mid-market keeps improving through new products developed in-house for our SaaS platform and acquiring best-of-breed solutions that complement existing solutions,” continued Chris.

The success Access is now experiencing, particularly with its aCloud platform, has most recently been recognised in the National Business Awards where Access was a finalist in the Innovation category. This is the second year Access has been shortlisted in these prestigious awards; in 2012 it was shortlisted in the ‘Business Enabler of the Year’ category. Access was also announced UK – Equity Backed Tech Business of the Year in the ACQ Magazine Global Awards 2013 alongside equity partner Lyceum Capital.

Access’ best in class integrated business solutions remain strong across a broad range of industries with a particular expertise in professional services, manufacturing and distribution, not-for-profit and the legal sector.

- Ends –

More information on Access’ full software portfolio: http://www.theaccessgroup.com.

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About Access:

Access is a leading author of fully integrated business management software. The portfolio spans solutions for ERP, finance, HR, Payroll, CRM, warehousing, business intelligence, professional service automation, workforce allocation and manufacturing. More than 5,000 UK businesses and not-for-profit organisations use Access solutions to improve their performance, profitability and drive growth, unlocking their business potential through improved business insight.

Vertical focus and industry-specific solutions differentiate Access in the market and templated solutions make for rapid and easy deployments. Using Access software to automate operations, streamline processes and share real-time business information anytime, anywhere, businesses can benefit from significant performance improvements.

Access is one of the top five fastest growing UK software developers in The Sunday Times Buyout Track 100 2012 and featured in last year’s Profit Track 100. On-going commitment to excellence, customers and employees has also placed the company among the UK’s top employers in The Sunday Times’ 100 ‘Best Companies to Work For’ 2011.

Accreditations and memberships:

• Microsoft Gold Certified Partner
• Institute of Chartered Accountants in England and Wales (ICAEW)
• Business Application Software Developers Association (BASDA)
• Access’ software is recognised by HM Revenue & Customs

Awards:

• The Innovation Award finalist at the National Business Awards 2013
• Enabler of the Year finalist at the National Business Awards 2012
• Software Product of the Year finalist at the British Accountancy Awards 2012
• ICT in Manufacturing finalist at the Manufacturer of the Year Awards 2012
• Inclusion in The Sunday Times Buyout Track 100 list (47th)
• Inclusion in The Sunday Times Profit Track 100 list (63rd)

Media information:

Tim Cole

Communication Manager
Access Group
T: +44 (0) 1206 322575 / 07786 564902

F: +44 (0) 1206 322956
E: tim.cole@theaccessgroup.com      
W: http://www.theaccessgroup.com

Communication Manager
Access Group
T: 44 (0) 1206 322575
F: 44 (0) 1206 322956
E: tim.cole@theaccessgroup.com 
W: http://www.theaccessgroup.com

Access is a leading author of fully integrated business management software. The portfolio spans solutions for ERP, finance, HR, Payroll, warehousing, business intelligence, professional service automation and manufacturing. More than 10,000 UK businesses and not-for-profit organisations use Access solutions to improve their performance, profitability and drive growth, unlocking their business potential through improved business insight.

Vertical focus and industry-specific solutions differentiate Access in the market and templated solutions make for rapid and easy deployments. Using Access software to automate operations, streamline processes and share real-time business information anytime, anywhere, businesses can benefit from significant performance improvements.

Access is one of the top five fastest growing UK software developers in The Sunday Times Buyout Track 100 2012 and featured in last year’s Profit Track 100. On-going commitment to excellence, customers and employees has also placed the company among the UK’s top employers in The Sunday Times’ 100 ‘Best Companies to Work For’ 2011.

In the past 12 months Access has completed seven M&A deals including, thankQ, French BI specialists Prelytis and Delta Software, plus the Access customer base of a number of resellers.