THE ACCESS GROUP RECORDS 53 PER CENT PRO FORMA REVENUE GROWTH

KUALA LUMPUR, Sept 15 (Bernama) -- The Access Group, a leading provider of business management software, has announced significant year-on-year pro forma revenue growth of 53 per cent, leading to pro forma revenues of £480 million and pro forma adjusted EBITDA of £180 million for its fiscal year ended June 30 (FY21). (£1 = RM5.744)

These results represent 16 straight years of uninterrupted profitable growth for the company, according to a statement.

The total number of Access Workspace users, its global SaaS solution, grew to more than one million during FY21 and Access added approximately 20,000 new customers bringing the total to more than 55,000 customers across the company.

The Access Group Chief Executive Officer, Chris Bayne said: “This year’s outstanding financial results demonstrate the value our customers are receiving from Access. In what was the most challenging year for businesses globally, Access remained committed to assisting our people, our customers and partners.”

“Access’ organic growth of 10 per cent 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 included ‘HAS Technology’ in Health & Social Care; ‘My School Portal’ in the independent Education sector; and ‘Eazipay’ has been added as a fundamental element to Access PaySuite.

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.

Access’ established presence in the region presents a unique opportunity for customers and partners to leverage a leader in integrated people and financial management software services.

The Access Group global employee base has grown to over 3,850 with continued investment in hiring people expected in FY22.

-- BERNAMA