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Thursday 11 May 2017

*NEW RESEARCH* Innovation and growth evident at Allocate Software

Allocate Software logoWe recently caught up with Dr Sati Sian, the relatively new CEO of Allocate Software, to hear how the UK-headquartered workforce optimisation software supplier has grown and evolved since being taken private by HgCapital in 2015, and to get a sense of what the future holds for the business. We found a forward-looking company that is passionate about the markets it serves – healthcare, defence and maritime - and on a mission to innovate and drive growth across the business.

HgCapital took Allocate Software private in January 2015 in a deal that valued the healthcare-focused business at nearly £110m (see HgCapital snaps up Alllocate Software). The private equity firm installed Sian as the new CEO nine months later (see HgCapital brings in new CEO for Allocate). With a change of ownership and CEO and some challenging market conditions, you might have expected Allocate Software’s growth to stall for a period, but instead the latest published accounts (for year to end May 2016) reveal that it has continued to grow and outperform the market. Total revenue increased by 6.6% (9% in constant currency) in FY16 to £44.1m whilst in its core market, healthcare, it outperformed its peers with revenue from the sector up by 9.4% (12% at constant currency) to £38.6m. As its financial year draws to a close, FY17 results look set to show an equally strong performance.

What is behind this growth and what does the future hold for Allocate Software? Foundation Service and PublicSectorViews subscribers can find out by reading our latest CompanyViews research – Allocate Software: Innovation & Growth – published today.

If your organisation doesn’t yet subscribe to our in-depth research streams and you’d like details of our 2017 subscription packages please contact Deborah Seth for more information. 

Posted by Tola Sargeant at '09:34' - Tagged: defence   strategy   cloud   software   healthcare   maritime