By Daniel Webster, dWeb.News Publisher
LONDON–(BUSINESS WIRE)–The Access Group, a leading provider of business management software to mid-market organisations, has announced significant year-on-year pro forma revenue growth of 53%, leading to pro forma revenues of PS480 million and pro forma adjusted EBITDA of PS180 million for its fiscal year ended June 30, 2021 (“FY21”). These results represent 16 straight years of uninterrupted profitable growth for the company.
Organic revenue growth of 10% demonstrates the underlying power of Access technology and services. The total number of Access Workspace users, its global SaaS solution, grew to more than 1 million during FY21 and Access added approximately 20,000 new customers bringing the total to more than 55,000 customers across the company. Chris Bayne, CEO, of The Access Group said today that Access’s exceptional financial results show the value its customers receive from Access. Access was committed to supporting our employees, customers, and partners in a year that was extremely challenging for businesses worldwide. I’m very proud of how Access has shown, not only resilience, but also such progress and growth during the past incredibly challenging 18 months.”
Bayne continued, “We have continued our significant investment in our Access Workspace digital workplace – a simple and accessible way of joining the dots for an organisation’s moving parts of people, processes and technology so they can address the challenges and opportunities ahead of them with confidence and certainty. We’ve spent a long time listening to our customers and they told us that a single view of their organisation coupled with a clear ability to take action would be the most valuable way to get more done – so that’s what we’ve built. Access’ organic growth of 10% demonstrates that Access is trusted by our customers to bring them the software and solutions they need as they move into growth mode out of the pandemic”.
Access completed 18 acquisitions in FY21 which have contributed to the company’s accelerated growth. These include “HAS Technology” for Health & Social Care; and “My School Portal” for Independent Education. Access PaySuite has “Eazipay” as a core element. “EasyBuild”, Ezitracker, and “Unleashed”, which support the expanding ERP business in Australia, the UK, New Zealand, and the EU. “Acteol” enriched Access Hospitality’s offering with CRM and managed service capabilities. “CPL Learning”, which offers industry-leading learning and development solutions, was added at a crucial time for the retail and hospitality sectors.
The largest acquisition of FY21 was of Sage Group PLC’s local businesses in Australia and Asia, completed in May 2021 and continues Access’ focus on the Asia Pacific region as a centre of growth. Customers and partners have unique opportunities to benefit from Access’s established presence in the region.
Kerry Agiasotis is President of The Access Group Asia Pacific. He stated, “In 2021 With the acquisition of Sage’s regional businesses, the Access Group indicated its intention to become a leading provider of business software in the Asia Pacific region. Combining it with its previous acquisitions of Attache Software, Unleashed, and more recently Definitiv, Asia Pacific has become the 3rd largest part of The Access Group, with more than 30,000 customers and revenues of greater than AU$100 million. We plan to accelerate our expansion in Asia Pacific through continued M&A activity as well as organic growth.
Access People was launched in September 2020. It joined all existing Access Group HR operations, including seven acquired companies. In December, it added “Abintegro” to increase candidate attraction, employee engagement, retention, and development. Access Group’s success in all markets, from small and medium-sized businesses to large corporations, is largely due to its flexibility, unrivalled breadth, depth, and scalability in all areas of HCM and payroll.
Access launched its new legal software division Access Legal in April 2021 Access promised to help ambitious law firms reach their full potential with a powerful suite technology. This launch came after the acquisitions by Eclipse Legal Systems and DPS Software of case management and practice management companies, respectively. Previous acquisitions by Riliance and Socrates of legal online training, compliance management and risk management solutions providers, Riliance, and Socrates also followed. The acquisitions of “Select Legal” and “Oosha” in June 2021, both leaders in legal technology, accelerated the Access Legal division and further supports the approximately 3,500 law firms who use Access software.
Access PaySuite was launched in May 2021, delivering payment solutions to 5000+ mid-market organisations and has processed over 82 million transactions. FCA authorised, PaySuite is supporting organisations who during the last 18 months in many cases had to re-think their approach to implementing digital payment methods. Integrated or embedded payment systems are becoming more popular. They can connect the payments system to existing financial and business management software. Access PaySuite dramatically reduces the time and cost of manual tasks such as invoicing, chasing payments, and provides a flexible, efficient, and less-prone organization.
Access created The Access Foundation, which is a charitable status entity and has a PS7M fund. It will be launched later in the year. It will support employees and charities, as well as community causes near its offices in the UK and Ireland. Access’s culture is committed to finding the right balance between customer, employee, and company. It is determined to give back to the community and devote time to causes that matter to its employees. Access has seen a significant increase in its fundraising by 775% over the past three years. Access also continued its activities during the pandemic, adapting to online events to keep momentum and give back to its charity partners.
The Access team raised a total of PS376,495 for the National Deaf Children’s Society (NDCS) as its chosen Charity of The Year with more than 50 fundraising initiatives and events taking place during the partnership.
The Access Group global employee base has grown to over 3,850 with continued investment in hiring people expected in FY22. Access continues to be focused on embedding its values via “The Access Way”, a platform that encourages and supports individual and company success. This was central to its COVID-19 response, driving strong teamwork and customer focus while colleagues continued to work largely from home.
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