Healthy growth continues at Allocate Software

Dr Sati Sian, the new CEO of Allocate Software, has had a busy few months. He took the reins at Allocate from Ian Bowles, now CEO at Tribal (see here), last September following the company’s acquisition by Hg Capital in November 2014 and de-listing from AIM in January 2015 (see UKHotViews).

Allocate Software’s latest available results (FY15 results to 31 May 2015) show the SME has continued to perform well in its core market, NHS workforce optimisation software. The results revealed 8% revenue growth - 12% on a constant currency basis (all organic) - to £41.4m and 56% growth in adjusted EBITDA (which makes allowance for the costs involved with being taken private) to £8.3m. The UK part of the business performed particularly well, reporting a market-beating 16% increase in turnover to £26m.

We caught up with Sian for an update on recent developments and Allocate’s plans for the future. Eligible TechMarketView subscription service clients can read the full story in our latest UKHotViewsExtra article - Allocate Software: Benefiting from focus & investing for growth.

Posted by Tola Sargeant at '11:24' - Tagged: results   software   health