Access Intelligence - Cobent settlement

Tuesday, Sep 27 2011 by

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.


Disclaimer:  

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.


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Access Intelligence plc is a software and computer services company providing business critical compliance and legislative driven software solutions and services to both public and private sectors. The Company’s segments include software as a service, IT support services, AlTalent Ltd and Head Office. The software as a service segment derives its revenues from software licence sales and support and training revenues. The IT support services segment revenue derives from maintenance and back-up services. Its governance, risk and compliance solutions include: AITalent, a training, competence and employee performance management solution; AITrackRecord, an organisational performance management solution; AIProcurement, an eprocurement and supplier risk management solution; AIControlPoint, a business continuity and incident management solution; AIMediaComms, a stakeholder relations and reputation management solution, and AICloud, a Iaas, cloud and data security management solution. more »

Share Price (AIM)
4.5p
Change
 
Mkt Cap (£m)
10.2
P/E (fwd)
n/a
Yield (fwd)
n/a



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