On the line from Hong Kong, Jay Shaw sounds as upbeat as ever on the prospects for his company despite having spent the last two years negotiating economic conditions that have wreaked havoc in his market. For the chief executive of AIM listed HR software company NetDimensions (Holdings) Ltd (LON:NETD) , the recession has presented a few surprising opportunities to gain ground, including the chance to make its first acquisition in April this year of the software distribution business of its AIM listed reseller, Intellego Hldgs (LON:IHP) .

With revenues up 11% to US$3.38m in the first six months of the year and a traditionally stronger second half showing no signs of disappointing, Shaw is keen to expand further. With headcount growing from 50 to 75 during the first half, the company swung to a loss of US$0.26m from a profit in the same period last year of US$0.41m. Nevertheless, Shaw and his finance director Clarence Wu, are insistent that the company is well placed to make progress in a series of strategic regions.

For investors eyeing the wider sector, NetDimensions’ presence in the software segment of the AIM market means that its peers range from the likes of Lombard Risk Management (LON:LRM) , Brady (LON:BRY) and Bond International Software (LON:BDI) .

NetDimensions was set up in 1999 to sell its own performance, knowledge and learning management software to corporates. Its flagship product EKP, the Enterprise Knowledge Platform has just received a new makeover and a mobile version, mobile EKP, was launched in July. The company’s software and services help companies deliver and manage corporate training, career development, assessment and certification programs, and help clients around the world address growing regulatory compliance needs. Shares in the company began 2010 on a 12 month low of 14.5p and reached a high earlier in September of 25p before dropping back to 21p. Jay Shaw spoke to Stockopedia about the progress of NetDimensions over the course of the past two years and his plans to take the business forward.

Two years ago you predicted a couple of…

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