Search through our UKHotViews and UKHotViewExtra articles plus complete research reports
It’s been around 11 months since Simon Fovargue took the helm at Leidos UK – see DXC’s Fovargue to lead Leidos UK. Coming from HPE and, subsequently, DXC, where he spent 13 years after an early career as a British Army Officer, he has faced a different culture and way of working in his new role.
His time, so far, as UK CE, has confirmed the views of Leidos he formed while qualifying the role: “more entrepreneurial, more collaborative, more agile, more inclusive”. All characteristics that Simon says clients see too. That means, he says, that the company is good at execution and good at operations. Where he believes they need to get better, having spoken to clients, is in being more innovative.
In this latest UKHotViewsExtra, we look at Leidos’ recent performance and the actions he has taken to establish an innovation and growth mindset within the company. If you are a TechMarketViews’ subscriber (including UKHotViews Premium), you can download the research note – Leidos UK: Establishing an innovation mindset – now.
If you are not yet a subscriber, please contact Deb Seth to rectify the matter!
Posted by Georgina O'Toole at '08:35'
COVID-19 is not just accelerating digital progress. It is also driving a radical change in mindset as organisations reset for the ‘new normal’. One of the most significant COVID-19 lessons is the willingness to challenge conventions, break rules and cut through red tape in order to do what is necessary to keep businesses functioning.
As we move into business recovery mode, organisations are exploring the software and technologies that will help their operations assume the ‘new normal’ and help employees find the confidence to return to the workplace.
Make sure you download Priority Software for COVID-19 Business Recovery for insight into immediate investment sectors - from screening and biometrics to touchless tech and IoT - the supply-side opportunities, and some of the suppliers to watch.
What may start out as a tactical assessment of physical requirements to achieve a COVID-secure work environment, has the scope to expand into a strategic reassessment of processes and operations. Software to help the safe return to the workplace could also provide the impetus for ramped up IoT adoption, be the making of touchless technology, and stimulate a whole new set of partnerships.
If you do not have a TechMarketView subscription Deborah Seth will be happy to share details of how to access our range of services.
Posted by Angela Eager at '09:16' - Tagged: cloud software iot startups covid-19
A consortium of five NHS Trusts has signed a new contract with Swedish medical imaging and cybersecurity firm Sectra, in a deal which is indicative of a trend towards the cloud, advancing both regional working and the use of AI in medical imaging.
Known as SWASH, the consortium is a long-term customer of Sectra and includes Portsmouth Hospitals NHS Trust, Isle of Wight NHS Trust, Salisbury NHS Foundation Trust, Southern Health NHS Foundation Trust and University Hospital Southampton NHS Foundation Trust.
Read the detail in our latest UKHotViewsExtra article, examining the benefits for the Trusts of moving to a single regional PACS and cloud-based VNA; the implications for regional working and emerging artificial intelligence applications; and the growing profile of Sectra in the UK market - Medical imaging moves to cloud with Sectra deal.
Posted by Tola Sargeant at '10:55' - Tagged: cloud healthcare
This summer has seen no slow-down in activity in the UK tech sector and certainly no slow-down in activity at TechMarketView!
If you’re lucky enough to have been away, here’s a quick recap of research published over the last month with handy links direct to the article or report for TechMarketView subscription clients:
UKHotViewsExtra
Capita’s challenging H1 – Marc Hardwick
A world-beating approach to contact tracing?– Dale Peters
Workday challenging Oracle & SAP in large Whitehall departments– Georgina O’Toole
Scotland chooses NearForm’s contact tracing tech – Dale Peters
Share performance in July 2020– Richard Holway MBE
The Panoply: Strong FY continues into Q1– Georgina O’Toole
Covid-19 accelerates automation adoption for HCL’s DPO– Marc Hardwick
Cobots and the rise of tech-enabled care– Tola Sargeant
Huawei ban creates UK telecommunications headache– Martin Courtney
Government announces additional Future Borders funding– Georgina O’Toole
Reports
UK SITS Market Trends and Forecasts 2020– Foundation Service
Priority Software for Covid-19 Business Recovery– Angela Eager
OffshoreViews Q2 2020 Review– Anthony Miller
The Rise and Rise of TCS– Anthony Miller
IndustryViews Venture Capital Q2 2020 – Foundation Service
IndustryViews Corporate Activity Q2 2020– Foundation Service
If you’re organisation doesn’t yet subscribe to our in-depth research and you’d like details of our 2020 corporate subscription packages please contact the Client Services team on info@techmarketview.com.
If you’re an entrepreneur or non-exec and you’re interested in subscribing as an individual, check out our UKHotViews Premium service which enables access to the UKHotViewsExtra articles and IndustryViews reports listed above plus the extensive UKHotViews archive.
Posted by HotViews Editor at '12:05'
2020 was the year that Capita was supposed to return to revenue growth - then came Covid. The BPO leader’s trading update from the end of June gave us a “heads up” on what to expect in today’s first half results, that show adjusted revenue declined by 9% to £1,652m (H1 2019 £1,816m), impacted by 2019 contract losses and of course Covid. Profits have also taken a hit, with adjusted operating profit down 61% to £57.6m (H1 2019 £146.1m). It also now means that Capita will not generate sustainable cash flow for at least 1-2 years. The firm also has scheduled debt repayments of around £500m between July 2020 and December 2022 that have to be met.
In response to this, Capita has taken the decision to sell some software assets that it deems “non-core”, to shore up the balance sheet. To date, this has seen Eclipse Legal Systems sold to Access UK for £56.5m and the Education Software business, including its SIMS schools management information system, put up for sale (see here). The need to raise cash has accelerated some pretty tough decisions that have included £57m worth of cost cutting in the first six months.
Operationally Capita responded to the crisis well, shifting 50,000 people to work from home, across nearly 300 offices that have accelerated flexible working patterns that were already becoming increasingly common within the business. It also did a good job delivering some of the critical Covid contracts that were sent its way - supporting the rapid recruitment and clearance of NHS workers returning to help with Covid was a particular highlight..........
Subscribers to TechMarketView can read the rest of this article now here - Capita’s challenging H1. If you are not yet a subscriber, please contact Deb Seth to find out more about how to access this and a raft of other insightful analysis and research.
Posted by Marc Hardwick at '09:29' - Tagged: results Capita
Now in a new ‘presentation-style’ format, OffshoreViews includes our regular summary of the top tier and mid-tier Indian Heritage Provider (IHP) reporting season, along with insightful charts showing aggregate 3-year trends for the Top Tier players.
Subscribers to the TechMarketView Foundation Service can download OffshoreViews Q2 2020 Review here.
Posted by HotViews Editor at '08:54' - Tagged: offshore
The Department of Health and Social Care has launched a new NHS Test and Trace app for England and Wales. It will provide users with the ability to check the level of coronavirus risk in their postcode district; QR code scanning at venues they have visited; a symptom checker; test booking; and a self-isolation timer. Like the original app it uses Bluetooth to help log the time a person has spent in close proximity with another app user, so they can be alerted and told to self-isolate if that person later tests positive for the virus.
The new app appears to address many of the issues raised by the first app, but it's not without issue. Modelling suggests if you were between 2m and 4m from an infected person, there’s currently a false positive rate of 45% and a true positive rate of 69%.
Trials will start on the Isle of Wight and with NHS Volunteer Responders across England. It will be followed by trials in the London borough of Newham. No date has yet been set for the national rollout of the app.
There is a lot riding on the success of the app, especially when you consider the widely publicised issues relating to traditional contact tracing. In this UKHotViewsExtra article we take a look at how the contact tracing strategy has shifted and see if we are any closer to truly having that much discussed "world beating" solution.
TechMarketView subscribers, including those signed up to UKHotViewsPremium can read the article now. If you are not yet a subscriber, please contact Deb Seth to find out how to access this and much more.
Posted by Dale Peters at '09:46' - Tagged: nhs government app covid-19 healtcare contact+tracing
As we move into business recovery mode, organisations are exploring the software and technologies that will help their operations assume the ‘new normal’ and also help employees find the confidence to return to the workplace.
Download Priority Software for COVID-19 Business Recovery for insight into immediate investment sectors - from screening and biometrics to touchless tech and IoT - the supply-side opportunities, and some of the suppliers to watch.
Posted by Angela Eager at '20:28' - Tagged: software automation iot AI machinelearning covid-19
In June 2020, TechMarketView published its annual rankings of the leading suppliers of software, IT and business process services (SITS) to the UK market, UK Software and IT Services Rankings 2020.
Rising to second place was TCS, now one of the world’s largest and most respected tech companies, beating IBM and Accenture for the first time for any Indian Heritage Provider.
This CompanyViews report traces the history of TCS in the UK, highlighting some of the key milestones that saw the company grow to become one of the most successful players in the UK SITS market.
This report is authored by TechMarketView Co-founder and Managing Partner Anthony Miller, widely respected as the UK’s preeminent commentator on the Indian offshore services scene, and includes insight from interviews with all TCS UK Managing Directors since 1999.
The Rise and Rise of TCS is available for download by all subscribers to the TechMarketView Foundation Service.
Posted by HotViews Editor at '07:00' - Tagged: offshore
We have written on numerous occasions about Workday, but usually about its progress globally. Worldwide, the HR, financials and planning cloud pure-play boasts revenues of $3.6b in its last financial year (to end January 2020) – see Network effect at Workday. In the UK, our estimates put its turnover somewhere sub $500m.
Globally, and in the UK, the company has grown rapidly over the last few years. In the US, it claims one-third of the 100 largest corporates as its clients. Meanwhile, in the UK, the commercial world has also proven to be the biggest source of revenues.
Where Workday has limited presence is in the UK public sector – “public sector represents a tiny proportion of UK revenues”. That doesn’t, though, mean that the company is without a footprint. Its client base in Whitehall – and associated agencies and NDPBs - is building.
In this latest PublicSectorViews research note - Workday set to challenge Oracle & SAP in large Whitehall departments - we take a look at Workday’s existing presence in the UK public sector market, UK Government’s current attitude towards the company and its offering, and Workday’s ambitions.
TechMarketViews’ subscribers - including UKHotViews Premium subscribers - can download Workday set to challenge Oracle & SAP in large Whitehall departments now. If you are not yet a subscriber, please contact Deb Seth to find out more.
Posted by Georgina O'Toole at '09:40' - Tagged: publicsector centralgovernment erp saas software backoffice
During times of such uncertainty, our talented team at TechMarketView is doing all it can to support clients as they make crucial decisions. As well as providing customised research and advisory, we have recently published two major reports providing market and supplier analysis.
Clients can read UK SITS Market Trends & Forecasts 2020-2023 and its companion report, UK SITS Supplier Rankings 2020, for the definitive view of the UK Software and IT Services scene.
In such an extraordinary year, defined by the COVID-19 pandemic and global lockdowns, TechMarketview’s expert analysts have created market forecasts for the next four years based on two market scenarios.
Scenario A is based on our most optimistic view of prospects for the UK SITS market. It is founded on the presumption that the UK SITS market will suffer a relatively shallow reverse in fortunes during 2020 as a result of the pandemic, and will rebound fairly promptly thereafter, as the wider UK economy enjoys a V-shaped recovery.
Scenario B takes a far more cautious view of the prospects for future growth and is based on the UK SITS market experiencing a sharp decline during 2020. It assumes that both technology spend and the wider UK economy will remain in recession during 2021, with the UK SITS market not returning to growth until 2022. If this outcome comes to pass, by 2023 the UK SITS Market will be worth approximately £4bn less than under our more optimistic, Scenario A.
The scenarios will determine how quickly confidence will return. But regardless of the pandemic’s progression and the resultant impact on the UK economy, change is coming. In fact, it’s already here.
Alongside the Market Trends & Forecast report, clients should read UK SITS Supplier Rankings 2020, our analysis of the largest 60 suppliers in the UK SITS market. It follows detailed research into over 200 publicly quoted and privately held companies.
Holding on to its number one spot is Capita, in spite of a notable revenue decline in 2019. However, powering into second place is TCS (see The Rise and Rise of TCS), thanks to mega deal wins - many of which have been in Banking and Financial Services. The rankings reflect the changes in the market, and in particular how the long-standing suppliers are managing to balance heritage Software and IT/Business Process Services with new propositions.
To make sure you are prepared to respond, read the research:
If you are not yet a client, please contact my colleague, Deb Seth, to find out how you can gain access to this invaluable research.
And don’t forget, you can engage directly with the TechMarketView analyst team with one of our virtual engagements, customised to YOUR organisation’s needs.
Posted by Kate Hanaghan at '07:58' - Tagged: forecasts competitoranalysis
Venture capital investment in UK and Irish technology companies was down 22% by value and 17% by volume in Q2 compared with Q1, according to latest data from corporate finance firm Ascendant, but this is seen as an understandable virus-induced correction rather than an existential crisis.
During Q2, a total of £1.91b was invested in 231 companies in the sector by 447 investors. During the first half of 2020, £4.3b (£3.9b in H1 2019) has been invested in 510 deals (554 in H1 2019).
The latest edition of IndustryViews Venture Capital has more detail, along with 50 pages of succinct commentary on UK tech venture funding deals.
TechMarketView Foundation Service and UKHotViews Premium subscription clients can click here to download the report.
Posted by HotViews Editor at '11:56' - Tagged: funding startup
At the end of last week the Scottish Government revealed it has commenced development of a contact tracing app to support NHS Scotland’s COVID-19 Test and Protect system. The announcement confirmed Scotland has become the latest country to adopt the app technology developed by Irish digital solutions business NearForm. It follows the announcement earlier in the week that Northern Ireland had become the first part of the UK to release a contact tracing app when its StopCOVID NI app, also based on NearForms technology, went live.
NearForm was founded by CEO Cian Ó Maidín in Tramore, County Waterford, in 2011. It employs around 100 people and had a turnover of €18m in 2018. The company has developed an impressive list of clients since it was established, but it is through its work with the Health Service Executive (HSE)—the organisation responsible for public health and social care services in Ireland—to develop a contact tracing app for Ireland that it has gained significant publicity around the world.
TechMarketView subscribers, including those signed up to UKHotViewsPremium can find out more about how the app was developed and the growing interest in the technology here. If you are not yet a subscriber, please contact Deb Seth to find out how to access this and much more.
Posted by Dale Peters at '13:48' - Tagged: scotland ireland development app northern+ireland healthcare covid-19
July 20, yet again, turned out to be ‘A Tale of Two Economies’. Tech – particularly BIG TECH - has continued to soar. NASDAQ was up 6.4% in July making it a massive 18.5% INCREASE YTD. Conversely, the FTSE100 - which now has only two tech constituents and is a kind of proxy for the ‘rest of the economy’ - dived another 4.4% in July making it an equally massive 21.8% DECREASE YTD.
The UK FTSE IT Index was up 6.7% in July but is still down 7.5% YTD. The FTSE SCS Index - which most closely tracks the UK publically quoted software and IT Services companies that we track at TMV – was also up 5.6% in July but down 10.1% YTD.
Outlook
COVID-19 is the first pandemic I have witnessed. I don’t have any previous formbook to consult. We do know that the UK – and probably the world – is looking into the abyss of the deepest recession of my lifetime (Even I wasn’t around in the 1930s!) I ought to be suffering along with the rest. But the Holway Share Portfolio is going great guns – up over 35% YTD – as I am many invested in either Big Tech or companies like Computacenter and Kainos that have been having ‘a very good C-19’. On top of that our own TechMarketView LLP has just finished a surprisingly good quarter with double-digit growth. We too seem to have what our customers – old and new – seem to value in these strange times. Of course, it helped that we’d all been WFH since inception in 2009 – so disruption to working practices was minimal.
I suspect – fear - the future will be one of great polarisation with the good doing very, very well and the bad (or just the mediocre) not managing to survive. Problem is that even if you are doing well but all about you are suffering, ultimately you will suffer too. Everyone is part of an extended family where some members will require support. In a wider world, taxes will have to go up to repay debt and those that are doing well are bound to have to pay more. At the extreme, we could see a return of civil unrest – even riots on the streets – if sections of society are badly hit and see themselves as badly treated. A polarised society is no good to anyone. At the end of the day, all strata of society must have some level of success or society itself will breakdown.
For an extended and detailed review of Share performance in July see HotViews Extra - available to all paying subscribers including HotView Premium.
Posted by Richard Holway at '18:26'
