Access Intelligence, the compliance Software as a Service (SaaS) buy and build business led by former Sage Group chairman Michael Jackson, announced an arrangement agreed with the vendors of Cobent.
Following the disappointing performance of Cobent since its acquisition in March 2010, discussions have taken place between Access Intelligence and the principal vendors. As a result of the discussions the principal vendors have agreed to transfer their consideration shares to the company to be held in Treasury. The impact will be to improve diluted EPS by 8.8%.
Trading across the group continues in line with market expectations.
The ACC share price has decreased by 49% over the last year.
Access Intelligence Plc is currently graded b by LCF Research. To learn more, follow the link.
Filed Under: Technology, Compliance, Software, Compliance Software, Computer Services, Pr, Media, Procurement, Financial Services,
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This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.
Access Intelligence plc provides software and computer services to critical compliance and legislative driven businesses in both the public and private sectors. The Company’s segments include software as a service and information technology (IT) support services. The Company’s subsidiaries include Due North Limited, Management Services 2000 Limited, Access Intelligence Media and Communications Limited and Cobent Limited, which are engaged in software development, and Willow Starcom Limited, which is engaged in IT support services. In June 2011, the Company sold Solcara Ltd. more »
