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Wednesday 05 December 2018

*NEW RESEARCH* Servelec puts focus on mobility and interoperability

Servelec logoIt’s been a year since UK-headquartered technology group Servelec was taken private by Montagu Private Equity, so we caught up with CEO Alan Stubbs and CFO Mike Cane to take stock of progress over the last twelve months and discuss the outlook for the diverse business under Montagu’s ownership.

Avid TechMarketView readers will recall that Servelec is a business of ‘many halves’ with core business in health and social care, oil and gas, power and infrastructure and the water sector. It operates through two divisions, Servelec HSC (Health and Social Care), now branded simply Servelec, and Servelec Automation, which is further divided into Technologies and Controls. We’d long felt that these were essentially three different businesses that would perform better independently, and our sense is that Montagu also believes that the sum of the parts will be greater than the value of the whole when it comes to exit.

As you might expect, it’s been a hectic few months for the Servelec team who’ve been working hard behind the scenes with new owners Montagu on a three to five-year strategic plan for the business. The ‘full potential plan’, as it’s known, involves heavy investment over the initial 12-18 months in sales, marketing and product development. There have been a number of important new hires – not least the appointment of non-exec Chairman Neville Davis to help drive growth across the business. 

Report coverMontagu has also provided the funding necessary to invest in Servelec’s products, particularly in health, social care and education, where the software has been modernised with mobility and interoperability top of mind. Indeed, just this week, Servelec announced the extension of its strategic partnership with mobile workforce solution provider Totalmobile, which will see them jointly develop a suite of mobile apps to support the health and social care workforce. A range of solutions linked to Servelec’s Rio electronic patient record product are already available, and mobile solutions for Servelec’s social care platform, Mosaic, will be available from January. 

To read our full analysis of Servelec, including our view on its recent financial performance and the outlook for the business, PublicSectorViews subscribers can download our latest research note available from today: Servelec on mission to deliver ‘full potential’.

If you don’t currently subscribe to our in-depth research and you’d like to know more please contact Deb Seth for details of our 2018/9 subscription packages.

Posted by Tola Sargeant at '09:45' - Tagged: results   health   software   socialcare   oil&gas   mobility   utilities   interoperability