The Access Group, a UK-headquartered provider of management software to education organisations and other business sectors, has reported pro-forma year-on-year revenue growth of 53%.
The company, which announced its financial results for the year ended 30 June 2021, noted that pro forma revenues had reached £480 million, a £166 million increase year-over-year.
Access logged pro-forma adjusted EBITDA of £180 million, up 65%, or £71 million, from the same period of the previous year.
Underpinning this growth, it said, was organic revenue expansion of 10%, a 15% increase in recurring revenue and 18 acquisitions, which included that of My School Portal in the independent education sector.
Chris Bayne, chief executive of Access, 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. 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. “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”.
Date published: 15 September 2021