Access Intelligence profits boosted by Vuelio platform

AIM-quoted software-as-a-service solutions provider Access Intelligence has seen its new Vuelio platform drive first-half growth and increase its net annual contract value by more than double.

Access' integrated Vuelio platform brought about growth of £355,000 in net annual contract value during the first six months of its trading year with the firm crediting its "significant progress" to restructuring undertaken in 2017 which allowed the company to focus on its communications products and services.

On Monday, the company told investors that the focus had also driven new business and upsell opportunities among existing clients for Vuelio, which gives communicators and PR professionals solutions for media relations, public affairs, social media and broader stakeholder engagement.

The firm expects total revenue, excluding discontinued operations, for the first six months of the financial year to be in the region of £4.3m, approximately 10% higher than a year earlier and in line with expectations.

Joanna Arnold, Access Intelligence CEO, said, "I'm delighted with our progress so far in 2018. We expect ongoing commercial improvements as we continue to innovate in the communications market."

"The calibre of these new blue chip clients is a testament to the high quality and robust nature of the platform. It also shows what an exciting proposition the fully-integrated Vuelio platform is in a communications market where businesses and agencies have an increased need for rigorous reputation management solutions following a series of recent high-profile and damaging corporate crisies," she added.

As of 1400 BST, Access Intel shares had picked up 3.37% to 4.60p.