London tech company increases revenue 51 per cent with new acquisition
A London technology company has announced a 51 per cent increase in revenue following the acquisition of an audience analysis platform.
Access Intelligence, which provides Software-as-a-Service (“SaaS”) solutions for the PR, communications and marketing industries, reported that its revenue has increased to £13.43m compared to 2018’s £8.88m.
Nearly £1m of that increase was due to its acquisition of Pulsar, a social listening and audience analysis platform.
The company’s EBITDA profit for the year was £0.81m, up £0.78m from 2018.
Christopher Satterthwaite, non-executive chairman of Access Intelligence, commented: “2019 was another year of strong growth for Access Intelligence.
“We increased revenue 51 per cent year on year, demonstrating the underlying commercial strength of the group portfolio.
“Our commitment to growth was evidenced by the acquisition of Pulsar and further product enhancements to the Vuelio and ResponseSource platforms.
“Pulsar is a particularly exciting addition because it strengthens our technology, data and research capabilities while opening US and global opportunities.
“It adds further breadth to the Access Intelligence portfolio and customer base providing resilience as we navigate the immediate uncertainty bought by COVID-19.”
Access free online guidance for North East businesses in the Growth Hub North East's COVID-19 toolkit →