REG - ActiveOps PLC - New Customer Wins & Senior Leadership Appointment

ActiveopsAnnouncement

05/02/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250205:nRSE9144Va&default-theme=true

RNS Number : 9144V  ActiveOps PLC  05 February 2025

5 February 2025

  ActiveOps plc

("ActiveOps", the "Company" or the "Group")

New Customer Wins and Senior Leadership Appointment

Nine new logos secured so far in FY25, supporting a continued positive trading
performance

New Business Momentum

ActiveOps plc (AIM: AOM), a leading provider of Decision Intelligence software
for service operations, is pleased to report strong momentum in new business
wins to date in the second half of the year ending 31 March 2025 ("H2 FY25").
Six new customers have been signed so far in H2 FY25, bringing total new logos
won in the year to date to nine, versus three in FY24. The initial scope of
the new contracts supports existing consensus market expectations(*) and each
of the contracts has further exciting global expansion potential, in line with
the Company's Land & Expand growth strategy.

The new logo wins are across North America, APAC and EMEIA and follow the
Board's decision to invest in the Group's international sales teams. Customer
acquisition in North America has been particularly pleasing, with further
growth potential in the region supported by a healthy new business pipeline.

The new customers secured include blue-chip banks, BPOs and an international
healthcare insurance provider, with several adopting ControliQ Series 4, the
most advanced iteration of the ControliQ platform, providing access to the
latest AI and ML capabilities.

Senior Leadership Appointment

The Group is pleased to announce the appointment of Paul Maguire to its Senior
Leadership Team as Group Managing Director, a non-Board position. With over 30
years working in the enterprise software industry and 20 years of executive
leadership responsibilities, Paul has a proven track record of scaling
enterprise software businesses globally, to achieve consistent and sustainable
growth. Most recently Paul was Senior Vice President and Managing Director
APAC & EMEA for Coupa, a leading Business Spend Management platform and
was previously Senior Vice President and Managing Director APAC, EMEA &
LATAM for Appian, a leading platform for process orchestration, automation and
intelligence.

ActiveOps Executive Chair, Richard Jeffery, commented:

"It is pleasing to report on the strong new business momentum we have seen
around all our territories so far this year. These wins, alongside our
sustained expansion performance, are a clear example of the need for our
solutions as large enterprises continue to invest in technologies that boost
efficiency and improve employee satisfaction.

"I am delighted to welcome Paul to the Senior Leadership Team, he is joining
us at an exciting time and his experience and track-record of success will
help further drive ActiveOps' growth and development.

"While enterprise sales cycles remain elongated, our performance so far this
financial year gives us confidence that the strategic decisions we have taken
to invest in our product, positioning and sales teams mean we are well placed
to continue to build on our achievements."

Notes

* In so far as the Board is aware, as at 4 February 2025, consensus market
expectations are: FY25 - Revenue of £29.4m and adjusted EBITDA of £2.3m;
FY26 - Revenue of £31.6m and adjusted EBITDA of £3.0m.

 

For more information, please contact:

 ActiveOps                                               Via Alma
 Richard Jeffery, Executive Chair                        www.activeops.com (http://www.activeops.com/)
 Emma Salthouse, Chief Financial Officer

 Investec Bank plc - Nominated Adviser and Joint Broker  +44 (0)20 7597 5970
 Patrick Robb / Nick Prowting

 Canaccord Genuity Limited -  Joint Broker               +44 (0)20 7523 8000
 Simon Bridges / Harry Gooden / Harry Rees

 Alma Strategic Communications                           + 44(0) 203 405 0205
 Caroline Forde / Will Ellis Hancock / Louisa El-Ahwal

 

About ActiveOps

ActiveOps is a Software as a Service business, dedicated to helping
organisations create more value from their service operations. ActiveOps'
Decision Intelligence software solutions are specifically designed to support
leaders with the vast number of decisions they make daily in the running their
operations. Our customers make better decisions and consume less time and
effort making them. The outcomes are significantly improved turnaround times
and double-digit improvements in productivity with backlogs of work materially
reduced. Customers also leverage the capacity created to invest in
transformation and development, and more efficiently utilise resources.

The Company's AI-powered SaaS solutions are underpinned by 15+ years of
operational data and its AOM methodology which is proven to enhance cross
departmental decision-making.

The Company has approximately 190 employees, serving a global base of
enterprise customers from offices in the UK, Ireland, USA, Canada, Australia,
India, and South Africa. The Group's customers are predominantly in the
banking, insurance, healthcare administration and business process outsourcing
(BPO) sectors, including Nationwide, TD Bank, Elevance and Xchanging.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPKQBPOBKDNBK