Search through our UKHotViews and UKHotViewExtra articles plus complete research reports
For most people that know Agilisys, they will associate the company with IT and business process services. That’s not surprising considering that is where the vast majority of its revenues come from to this day. Focused on the public sector, most notably local government and social care, for over 20 years, the company has delivered a range of multi-year deals supporting public sector organisations as their IT services and digital transformation partner. Today, those long-term relationships are complementary to its nascent Product business.
This month, Agilisys has rebranded Agilisys Product as Agilisys Transform, a move that seeks to underline the transformative impact that Agilisys’ products are already having on its clients. This part of the business has a clear ‘North Star’: to transform citizen outcomes and public sector productivity through the power of GenAI SaaS products.
In TechMarketView’s latest UKHotViewsExtra from Chief Analyst, Georgina O’Toole - Agilisys Product becomes Agilisys Transform – we delve into the background to the move, the organisational strategy and necessary, significant, shifts in the business, the key product areas, and the level of interest from Agilisys’ target markets and existing client base. To read more, follow this link.
Posted by Georgina O'Toole at '08:01' - Tagged: software corporateactivity product local+government social+care public+sector genAI
At the end of last week, Mastek reported its financial results for the quarter ending 30th June 2024 (its Q1 FY25). The quarter was defined by solid revenue growth combined with a squeeze on profits.
Revenue growth for the quarter was 12.1% to Rs812.9 Crore, with quarter-on-quarter growth of 4.3%. This represented an improvement on Q4 performance (see Mastek Q4: UK performance improvement | TechMarketView). Mastek points to four key growth drivers: Healthcare in the US, Central Government in the UK, Account Mining, and Data/AI Solutions globally.
Meanwhile, the EBITDA operating margin shrank to 15.2%, down from 16.0% in the previous quarter, and 17.0% in FY24.
TechMarketView Chief Analyst met up with Mastek Group CEO, Hiral Chandrana, Mastek President UKI & Europe, Abhishek Singh, and Executive Vice President UK Secure Government Services, Ashish Julka, to delve into the story behind the numbers.
TechMarketView subscribers, including UKHotViews Premium subscribers, can read the analysis now: Mastek Q1: Solid revenue growth and squeezed profits | TechMarketView. If you are not yet a subscriber – or are unsure if your organisation has a corporate subscription – please contact Deb Seth to find out the easiest way to access this analysis and a lot more besides.
Posted by Georgina O'Toole at '16:13' - Tagged: results offshore defence retail IPP healthcare financial+services central+government genAI public sector
This summer marks a year since TechMarketView Founders Richard Holway and Anthony Miller hung up their boots and passed the baton on to the MBO leadership team. The move, 16 years after TechMarketView was founded, marked a major milestone for the company.
For the last year, TechMarketView’s Partner team, consisting of Tola Sargeant, Georgina O’Toole, Deb Seth, and Kate Hanaghan, have focused on continuing to deliver exceptional research and analysis on the UK tech market to our clients, while consistently pursuing excellence.
As we move forwards, you will see some changes. Firstly, Tola has taken the decision to leave TechMarketView to seek a fresh challenge, after 16 years with the company (seven of those as Managing Director/CEO). During that time, Tola has shown immense loyalty and dedication to the company. Her deep understanding of the business has been a hugely valuable asset. Bringing such experience and knowledge, Tola has helped in shaping our company's path. Everyone at TechMarketView would like to take the opportunity to thank Tola for her contribution over many years.
Looking ahead, Deb, Georgina, and Kate will accelerate progress with a newly refreshed growth strategy. Deb will take on the role of Managing Partner, concentrating on driving business growth, enhancing key operational functions, expanding partner networks, and implementing strategic talent acquisition. Georgina will remain as Chief Analyst, continuing to develop thought leadership and client excellence within the organisation, while also orchestrating the execution of TechMarketView’s growth strategy. And Kate will remain Chief Research Officer, responsible for advancing TechMarketView’s research agenda, ensuring our analysis supports our clients to make smart decisions, and running our expert analyst team. Between them, Deb, Georgina, and Kate bring a wealth of experience in the UK tech industry (90 years in fact!) and have sat on TechMarketView’s management board since 2017.
Senior Research Directors, Marc Hardwick and Dale Peters, having been promoted to the Senior Leadership Team (SLT) (see Techmarketview announces senior leadership team), will continue to develop and lead a range of programmes and projects supporting richer analysis and enhanced customer experience.
Tania Wilson will become Finance Director (FD) and join Deb, Georgina and Kate on the Management Team. Tania joined TechMarketView in 2019. She brings a wealth of experience in financial analysis and valuation, having spent many years as a Director at PwC. Tania is also an investment principal and CFO for a venture capital firm. Her input will be invaluable as we make important investment decisions aimed at supporting our soon-to-be-revealed new strategy.
We are excited to officially ‘relaunch’ TechMarketView at our annual event on 26th September (please come and join us: TICKETS). The event will serve as the platform for introducing our new strategy through insightful presentations and a fireside chat with an end user organisation in pharmaceuticals. We will also reveal a brand-new strategic partnership, allowing us to showcase a fresh proposition for our clients, as well as reveal results from our new Tech Confidence Index.
We’ve got some fun ideas bubbling about how we can celebrate this new TechMarketView era with our guests, so don’t miss out!
Posted by HotViews Editor at '08:40'
Solutions Integrator, Insight, has acquired Brighton, UK-based New World Tech (NWT) in an important step to expand its Services capability in the UK/Europe. Terms of the deal were not disclosed.
NWT is a 50-person consultancy working across all industries (with a notable presence in Public Sector). It helps customers deliver complex, strategic technology projects and programmes. Staff are typically highly experienced advisors/practitioners such as CTOs, programme/project managers, and solutions architects. The firm also has a growing concentration of expertise around ServiceNow and cloud technologies and has developed its own set of processes and methodologies to help accelerate aspects of its clients’ transformation journeys (e.g., a playbook for cloud migration and a proven framework for running large programmes of work).
It’s a really interesting move by Arizona-headquartered Insight, which is seeking to build out its Services capability. I caught up with Adrian Gregory, President for EMEA at Insight, whose background in Services will be essential to both the success of the integration and Insight’s broader strategic aims in Services. More here in UKHotViews Extra…
Posted by Kate Hanaghan at '07:10' - Tagged: acquisition consulting
The new government's plans to create a modern digital government are starting to take shape.
Earlier this month, it was revealed that digital government expertise from Government Digital Service (GDS), the Central Digital and Data Office (CDDO) and the Incubator for AI (i.AI) will move to Department for Science, Innovation and Technology (DSIT). These organisations are expected to transfer in their entirety from the Cabinet Office (and Prime Minister's Office in the case of i.AI) to DSIT, although the timescales for this move have not been confirmed.
With key ministerial roles now in place, we now know who will be responsible for leading digital, data and technology change within government.
TechMarketView subscribers, including UKHotViews Premium subscribers, can read more about DSIT’s changing remit and the roles and responsibilities of its ministers. in our expanded UKHotViewsExtra article here.
If you aren't a subscriber—or aren't sure if your organisation has a corporate subscription—please contact Deb Seth to find out more.
Posted by Dale Peters at '10:22' - Tagged: strategy policy government digital data
Growth within the UK Financial Services SITS market slowed significantly during 2023, driven largely by the challenging global economic climate and its impact on end-user organisations. However, despite the inhibiting factors dampening spend, the technology-led transformation of the UK Financial Services sector continued, albeit at a reduced rate.
Recognition of the limitations of outdated technologies and analogue business processes, coupled with the volume of in-flight projects, prevented the sector from turning its back on the transformation imperative. As economic conditions continue to improve and financial restraints are gradually eased, expenditure within the UK Financial Services SITS market will pick up once again, with sustained growth forecast through to 2027.
Reflecting softer demand for new technology initiatives during 2023, only six of the vendors in the Top 10 grew UK Financial Services SITS revenue by more than 1%, with two of these delivering a double-digit increase. Combined revenue for the Top 10 rose by 6.8%, representing a significant reduction on the growth experienced in 2022, when the comparable figure was +18.9%.
FinancialServicesViews subscribers can learn more by downloading UK Financial Services SIT - Suppliers, Trends and Forecasts 2024. If you do not currently have access to this report but would like to learn more, please contact Deb Seth.
Posted by Jon C Davies at '08:58'
Have you got your hands on the most definitive view of the UK Software and IT Services market?
Market Trends & Forecasts 2024 is the epitome of everything that defines and differentiates TechMarketView.
The report is founded on months and months of DATA collection and analysis by the incredible TechMarketView analyst team; the painstaking work we do – involving detailed bottom-up revenue analysis of 100s of companies – to ensure we have a firm grip on the performance of the UK SITS market.
It shines a light on the DEPTH of understanding across the team, the result of 100s of conversations across the industry, with both suppliers and end user organisations. And it highlights the fact our commitment to both DATA and DEPTH enables us to cut through the tech market hype and give a realistic picture of the true level of DISRUPTION taking place. We are proud to be able to deliver high quality analysis to our clients.
In this year’s report, we highlight how our TechMarketView research theme for 2024Enabling Acceleration – has become increasingly pertinent as we’ve headed through the year. The pressure felt by organisations to keep pace with the speed of technological innovation and maintain competitiveness has intensified, driven by the excitement around the possibilities of Generative AI (GenAI).
Perhaps counterintuitively, this year, there has, to some extent, been a negative impact on the UK tech market. One outcome of the over-excitement has been the willingness of organisations to drop or delay other ICT transformation projects and divert attention to GenAI. However, to date, the vast majority of those GenAI activities remain in the advisory or experimentation stage. The UK SITS market shrank in real terms in 2023 with excitement yet to translate into a market boom. So far, only a handful of organisations – notably the hyperscalers – have materially benefited.
Market Trends & Forecasts 2024. If you are not yet a subscriber or are unsure if your organisation has a corporate subscription, please contact Belinda Tewson, who will be more than happy to help.
Why not make the absolute most of being part of the TechMarketView community and JOIN US at our event on 26th September in London? TechMarketView’s annual event is the industry’s premium networking event, where analysts, tech buyers, and suppliers can exchange views on the realities of the market in 2024.
Posted by HotViews Editor at '09:01' - Tagged: forecasts data market trends
On 9th July, we published TPXimpact’s foundation for growth, highlighting a strong performance for TPXimpact in its FY24 (to end March). The self-styled “technology-enabled services company focused on people-powered digital transformation” revealed strong double-digit revenue growth, an improved EBITDA margin, and its lowest level of net debt in over three years.
Following the results announcement, this week, TechMarketView Chief Analyst, Georgina O’Toole, caught up with CEO, Bjorn Conway, and CFO, Steve Winters, to delve deeper into the numbers and further explore the management team’s positive outlook.
Georgina was keen to understand more about the revenue growth drivers, the EBITDA margin expectations, and the likelihood of both further restructuring and/or future acquisitions.
TechMarketView subscribers, including those that take UKHotViews Premium, can read the article – TPXimpact: Onwards and upwards | TechMarketView – now. If you are not yet a subscriber, or are unsure if your organisation has a corporate subscription, please contact Deb Seth to find out how to access this research and much more besides.
Posted by Georgina O'Toole at '08:57' - Tagged: results health M&A digital integration corporateactivity central+government public sector
Posted by HotViews Editor at '08:00'
Some people collect stamps*, some people collect fine wines**. TechMarketView analysts collect technology supplier data.
And it is a pastime that is not for the fainted hearted!
The very talented and tenacious analyst team at TechMarketView has trawled through 1000s of data inputs and 100s of research interviews. The analysts have now emerged, pale but euphoric, from the Data Cave having spent many, many hours crunching the numbers and deliberating the evidence.
We are therefore proud to release UK SITS Supplier Rankings 2024 free into the wild to be read by members of our Foundation Service research programme. UK SITS Supplier Rankings 2024 reflects months of work by our analysts, who have undertaken many conversations with company leaders, raked through 10Ks, Company House reports, and other evidence to create estimates and analysis that you simply will not find anywhere else. The report is truly unique, and is used extensively by decision makers to help them build and validate their own strategies.
UK SITS Supplier Rankings 2024, alongside Market Trends and Forecasts 2024, provide an unrivalled view of the UK software and IT Services universe. Used by buyers and suppliers alike to make crucial strategic decisions, these reports provide the foundation for our analysis and advisory work for the coming months.
Top of the pile – following its historic move into pole position last year – is Amazon Web Services. The hyperscaler is now a massive player in the UK market, with an extensive range of partnerships and customers. Of course, it goes without saying that many of the players in the market – large AND small – have supported the growth of AWS as members of its extensive ecosystem. Between them, the hyperscalers and their partners have built the invaluable services enabling organisations to accelerate towards cloud, but also adopt the game-changing emerging technologies that feed from those platforms.
But who did it beat into second place? And which of the global system integrators (GSIs) took the impressive bronze medal?
Want to understand exactly how SAP and Microsoft have been performing in the UK? How about leading GSIs, such as Accenture, Capgemini, and CGI? Or the likes of TCS, Cognizant, Infosys, and Wipro? We have the answers!
HOWEVER, UK SITS Supplier Rankings 2024 is not just about the largest players in the market. It ‘slices and dices’ supplier data to understand the performance of Top 60 largest players and takes in many segments of the market. In total, analysts have analysed hundreds of companies.
UK SITS Supplier Rankings 2024 is the sister report to Market Trends and Forecasts 2024. Our Foundation Service clients can read them together to get an unparalleled multi-dimensional view of the UK Software and IT Services scene as it looks today and how it is forecast to evolve in the coming years.
But why not make the absolute most of being part of the TechMarketView community and JOIN US at our event on 26th September in London?
TechMarketView’s annual event is the industry’s premium networking event, where analysts, tech buyers, and suppliers can exchange views on the realities of the market in 2024.
You can ONLY access UK SITS Supplier Rankings 2024 and Market Trends and Forecasts 2024 via the Foundation Service programme.
Please contact Belinda Tewson to find out if your organisation has access or to gain access today.
* Guilty as charged!
** More of a drinker than a keeper….
Posted by Kate Hanaghan at '09:40' - Tagged: procurement supplier+rankings supplier rankings
IBM Consulting has added significantly to its UK Defence business with the acquisition of SIXworks. The 175-person strong tech consultancy will sit within the IBM Consulting business and be known as SiXworks, an IBM Company, in the medium term. All SiXworks people will have transitioned into IBM by April 2025.
Established seven years ago by Founder & CEO, Steve Rawsthorn, SiXworks has always focused purely on the Defence and Security & Intelligence market, where its biggest clients are the Royal Air Force (RAF) and Stratcom. Its forte is in early concept demonstrators – with “fail-safe-fast development” – in high security environments.
TechMarketView Chief Analyst, Georgina O’Toole, spoke with IBM Consulting Lead Client Partner for Defence, Paul Macpherson, and CEO and Founder of SiXworks to learn more about the acquisition, delve into the detail on SiXworks, and find out what the move means for the future of both companies.
TechMarketView subscribers can read more in IBM Consulting Defence increases coverage with SiXworks.
If you are not yet a subscriber – or are unsure if your organisation has a corporate subscription – please contact Belinda Tewson to find out how to access this research and more besides.
Posted by HotViews Editor at '16:00' - Tagged: acquisition defence
Today we publish TechMarketView’s annual flagship reports. One of those is the UK Software and IT Services (SITS) Market Trends & Forecasts report 2024. In my mind it is the epitome of everything that defines and differentiates TechMarketView.
The report is founded on months and months of DATA collection and analysis by the incredible TechMarketView analyst team; the painstaking work we do - involving detailed bottom-up revenue analysis of 100s of companies - to ensure we have a firm grip on the performance of the UK SITS market. It shines a light on the DEPTH of understanding across the team, the result of 100s of conversations across the industry, with both suppliers and end user organisations. And it highlights the fact our commitment to both DATA and DEPTH enables us to cut through the tech market hype and give a realistic picture of the true level of DISRUPTION taking place. We are proud to be able to deliver high quality analysis to our clients.
In this year’s report, we highlight how our TechMarketView Annual Research Theme for 2024—Enabling Acceleration—has become increasingly pertinent as we’ve headed through the year. The pressure felt by organisations to keep pace with the speed of technological innovation and maintain competitiveness has intensified, driven by the excitement around the possibilities of Generative AI (GenAI).
Perhaps counterintuitively, this year, there has, to some extent, been a negative impact on the UK tech market. One outcome of the over-excitement has been the willingness of organisations to drop or delay other ICT transformation projects and divert attention to GenAI. However, to date, the vast majority of those GenAI activities remain in the advisory or experimentation stage. The UK SITS market shrank in real terms in 2023 with excitement yet to translate into a market boom. So far, only a handful of organisations – notably the hyperscalers have materially benefited.
As the TechMarketView team considers what the future holds for the UK tech market, we’ve identified (and coined the term) the GenAI Dividend. Our analysis identifies the level of spend on programmes and projects focused on GenAI deployment, revealing that it will remain a drop in the ocean for some years to come. However, we also look in detail at how GenAI has become a catalyst encouraging organisations to take a wider and deeper look at their entire ICT estate. This to ensure they can, in the future, leverage a range of emerging technologies, including but not limited to GenAI. It is this ‘spade work’ (for want of a better term) that is set to drive higher growth in the UK SITS market during our forecast period. The GenAI Dividend is the additional spend (over and above that which we were previously expecting before the current GenAI hype) that will transpire as organisations seek to strengthen their digital and data foundations.
TechMarketView subscribers can find out more about the GenAI Dividend and the areas of the market most likely to be impacted by downloading the UK SITS Market Forecasts 2024 report today. If you are not yet a subscriber or are unsure if your organisation has a corporate subscription, please contact Belinda Tewson, who will be more than happy to help.
Posted by Georgina O'Toole at '10:14' - Tagged: software consulting digital operations Solutions MarketForecasts BusinessProcess infrastructureoperations market+trends application+services IT+services SITSmarket economy genAI
Available now for TechMarketView’s Foundation Service clients is UK SITS Supplier Rankings 2024.
The team at TechMarketView is absolutely delighted to launch today’s report, which draws on 1000s of data inputs and 100s of research interviews. The analysts have now emerged, pale but euphoric, from the Data Cave having spent many, many hours crunching the numbers and deliberating the evidence .... and are proud to today set UK SITS Supplier Rankings 2024 free into the wild to be read by our clients.
UK SITS Supplier Rankings 2024 reflects months of work by our analysts, who have undertaken many conversations with company leaders, raked through 10Ks, Company House reports, and other evidence to create estimates and analysis that you simply will not find anywhere else. The report it truly unique, used extensively by decision makers to help them build and validate their own strategies.
So who has done well and why?
Who is there to be beaten?
And who has had a stinker of a year?
Want to understand exactly how Microsoft's been performing in the UK? How about leading GSIs, such as Accenture, Capgemini, and CGI? Or the likes of TCS, Cognizant, Infosys, and Wipro? We have the answers!
But why not make the absolute most of being part of the TechMarketView community and join us at our event on 26th September in London?
You can ONLY access this research via the Foundation Service programme. Please contact Belinda Tewson to find out if your organisation has access or to gain access today.
Posted by Kate Hanaghan at '10:00' - Tagged: acquisition rankings suppliers competition
It’s a busy week here in the UK, whether you’re a football supporter, a tennis fan or have a vague interest in politics, so why not take a moment with your morning cuppa to make sure you haven’t missed any recent TechMarketView research?
Check out our company-focused UKHotViews Extra research for an in-depth view of the latest strategic developments:
Hear from Craig Wentworth on key trends in sustainability tech as he prepares the latest edition of the TechMarketView Sustainability Technology Activity Index in ‘From peripheral to core business ops – sustainability beds in.’
Read Marc Hardwick’s popular report, AI in Supply Chain, to understand how AI-led solutions (both traditional AI/Machine Learning and Generative AI) can address some of the greatest challenges and opportunities currently faced by global supply chains.
Delve into the 2024 Market Readiness Index ‘The Road to AI’ for in-depth scoring and profiling of the largest IT services players in the UK market - Accenture, Atos, Capgemini, Capita, Cognizant, DXC, HCLTech, IBM, Infosys, and TCS – as we examine their ability to support clients on their AI journey.
And last but by no means least, as the UK prepares to head to the polls tomorrow, take another look at our pre-election analysis to assess what the result might mean for tech:
UK tech market faces slowdown as general election announced
Labour and Conservative manifestos: tech implications
Reform, Lib Dem and Green manifestos: tech implications
SNP and Plaid Cymru manifestos: tech implications
As always, if you’d like details of our various subscription packages, or to enquire about adding a stream of research to your current corporate package, just drop us an email to info@techmarketview.com. Or sign up to UKHotViews Premium here if you’re an entrepreneur or tech professional wanting individual access to selected research.
Posted by Tola Sargeant at '09:09'
