Tuesday 24 November 2020

*HotViewsExtra* The Building of The Access Group

The Access GroupBack in 2010 The Access Group was a £25m provider of ERP software to the UK mid-market with EBITDA of £4m that was trotting along nicely but struggling to stand out. Ten years, a PE-backed MBO plus three PE investment rounds, and over 40 acquisitions later, it has expanded and balances a dual horizontal and vertical focus. 

Its most recent full year results show 39% revenue growth to £264m with £92m EBITDA and while the nine acquisitions of FY20 added £33m, organic growth was still a creditable 9% with organic recurring revenue of 18%. With this background it is worth unpacking the Access Group proposition and where it now sits in the enterprise software market. 

HVX PremiumIt has been successful to date, delivering profitable growth despite its rampant M&A programme. And R&D investment, such as the Workspace cloud platform, integrates and moves the portfolio forward. But can it continue? COVID-19 has not had a visible impact on numbers despite Access’ exposure to hard hit verticals like Hospitality and Recruitment, although we believe performance was marginally off internal targets. It is continuing to expand – including creating a major new People division and establishing Access ANZ to spearhead its move into Asia Pac. In The Building of The Access Group in UKHotViews Extra, we take a deep dive into the company and its secret sauce. 

TechMarketView subscribers, including those who take the UKHotViews Premium service can access the research. If you would like information on how to access our research please drop Deb Seth an email. 

Posted by Angela Eager at '08:57' - Tagged: erp   cloud   software