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Friday 24 September 2021

Payen selects Aqilla for multi-currency reporting

AqillaCorporate payments provider, Payen, has selected technology from cloud-based accounting specialist, Aqilla, as it looks to automate and accelerate its multi-currency reporting processes. The contract follows hot on the heels of another recent win for the UK software vendor (see: Aqilla helps keeps Britain tidy).

Founded in 2010, Guildford-based Payen delivers payment and FX services to large corporate clients. The company also provides basic bank account services to its clients via an agency agreement with Clearbank. As a global payments provider, Payen deals with large volumes of complex, international transactions on a daily basis and selected Aqilla due to its scalability and multi-currency capabilities.

Cross-border payments transactions traditionally include multiple interfaces. As a payment gateway, Payen’s services are positioned firmly in the middle of the process. Payen indicated that it selected Aqilla due to its ability to handle this complexity in a straightforward manner coupled with the vendor's extensive multi-currency capabilities.

Posted by: Jon C Davies at 09:32

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Friday 24 September 2021

*NEW RESEARCH* UK Enterprise Software Market Trends & Forecasts 2021

Enterprise Software Market Trends and Forecasts report coverThe 2021 version of the UK Enterprise Software Market Trends & Forecasts report is now available to download.

Containing our latest market size and forecast data, along with insight into market dynamics and the key trends shaping the market, plus analysis of the challenges facing suppliers and recommendations for how to move forward, it is vital reading for suppliers operating in the UK.

COVID demonstrated - and elevated - the value of software, while organisations also learned a lot about themselves, their markets, supply chains and customers, stretching their comfort bubbles in doing so. That knowledge has accelerated digital transformation but what has also emerged is the extent to which behaviour has adapted to use more of the capabilities provided by Enterprise Software. Necessity is motivating us to lean into software to maximise the use of its existing capabilities, which in turn is igniting the desire to explore how software can be further used to reset and reimagine business models. 

This attitudinal change means organisations are becoming more discerning about software, more exacting about its impact on business outcomes and less tolerant of applications - and suppliers - that might impose restraints on reset and reimagination initiatives. These changing attitudes may not make for the most comfortable of market conditions but combined with growing impetus around the sustainability agenda, they do point towards a resilient UK Enterprise Software sector as organisations explore hybrid experiences and working practices, new styles of interfaces, the ever-growing need for easily accessible insight from data and emerging areas such as the Internet of Behaviour.

If you are a subscriber to TechSectorViews click here to download the UK Enterprise Software Market Trends and Forecast 2021 report. If you don’t have a subscription and would like to gain access the report and our other research and services please contact Deb Seth.

Posted by: Angela Eager at 09:22

Tags: markettrends   software   AI   VR   immersivetechnologies   sustainability   MarketForecasts  

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Friday 24 September 2021

Accenture’s FY finishes with a flourish

LogoAccenture built on the increasing business momentum evident in its third quarter (see here) to deliver an impressive end to FY21. Revenue for the three months ending 31st August was $13.4bn up a hefty 21% yoy at constant currency. The strength of the Q4 performance lifted full year turnover to $50.5bn to produce a yoy top line increase of 11%. Operating margin improved by 40 bps to 15.1%.

There was positive news from every facet of the business with all service lines, industry groups and geographies achieving double-digit growth in the final quarter. The rebound in Accenture’s Consulting activities continued to gather pace with Q4 sales of these offerings increasing by a quarter over those in the same period in the prior year. There were also upticks in demand of more than 20% yoy from the Communications, Media and telecommunications, Financial Services, and Products verticals in the last three months of FY21.

The biggest regional improvement in Q4 came from Accenture North America where turnover was up 22% to $6.4bn. In other parts of the world, ‘Growth Markets’ sales were up 21% to $2.7bn and the European top line increased by 18% to $4.3bn. The latter result was, for the second quarter in a row, driven by the pace of expansion in the UK, Italy and Germany. For the year as a whole Accenture Europe grew by a healthy 8%.

With the business once again firing on all cylinders, Accenture has begun FY22 in confident mood. The company expects revenues for the first quarter to be in the range of $13.9bn to $14.35 bn, an increase of 18% to 22% in constant currency, with full year sales anticipated to grow at between 12% to 15%.

Posted by: Duncan Aitchison at 08:50

Tags: results   systemsintegration  

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Friday 24 September 2021

*UKHotViewsExtra* National AI Strategy: Health & Defence as exemplars

National AI Strategy Report Cover ImageA couple of days ago, the UK Government published its National AI Strategy. The report acknowledges the significant impact that AI will have over the next decade and beyond. And, as the UK seeks to ‘build back better’ following the Covid-19 pandemic it looks at the way that AI can be harnessed to drive economic growth, deliver prosperity, and bring social benefits. It is a wordy tome that looks at the key resources that will be required to ensure the UK stays at the forefront of AI innovation; how we can ensure every sector and region benefits as AI becomes mainstream; and what governance and reulator regimes must be put in place.

You can read the full report here. It has the potential to impact SITS suppliers to the UK market in a variety of ways, particularly as Government intervenes to ensure appropriate access to the people, data, compute, and finance, that will be required. But in this UKHotViewsExtra - National AI Strategy: Health & Defence as exemplars – I’ve focused on the implications for the UK public sector SITS market, how will the strategy change behaviours and influence demand for AI-related skills and capabilities from SITS suppliers?

TechMarketView subscribers can access National AI Strategy: Health & Defence as exemplars now. If you are not sure how to access, please contact Deb Seth to find out more.

Posted by: Georgina O'Toole at 08:48

Tags: strategy   government   AI  

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Friday 24 September 2021

Read more from our very own Wise Grey Owl...

UKHotViews

Find out how you can read more from TechMarketView’s Chairman, Richard Holway MBE, who describes himself as ‘Possibly the UK’s Oldest IT Analyst', with a subscription to our UKHotviews Premium.

Contact our team member Paula to find out more! 

Posted by: HotViews Editor at 00:00

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Thursday 23 September 2021

Delivering Social Value over breakfast!

We were delighted to have so many of you join us for our ‘Delivering Social Value’ breakfast webinar on Thursday, and I hope that if you managed to attend you found it both engaging and informative. 

Webinar imageOnce again, I’d like to thank TechMarketView’s Georgina O’Toole and Dale Peters and our guest speaker, John Neilson, CE for UK & Asia at Sopra Steria, for their insight into what is surely one of the hottest topics in the UK public sector market at the moment.

If you missed it, you'll find a recording of the webinar here and we'll be making the slide-deck available to both our corporate and UKHotViews Premium subscribers later in the autumn – look out for the link in UKHotViews in the coming weeks. TechMarketView subscribers can also look forward to a written interview with John Neilson on the topic, which we plan to publish in Q4. As promised, we’ll also try to answer those questions that were submitted to the Q&A that we didn’t get a chance to respond to during the session.

In the meantime, PublicSectorViews subscribers will find further analysis of social value in UK central government - including profiles detailing how the top 10 tech suppliers to the sector are approaching the issue – in Georgina’s recent report: Social Value in UK Central Government

Finally, don’t miss your chance to sign up to our next three webinars:

  • Hackers & Defenders – exploring greater use of public cloud and the changing cyber security landscape next Thursday
  • Clarity of Purpose – focussing on the evolving UK financial services tech scene on 7 October
  • Making Green from Green  – examining whether there is revenue to be made from the sustainability agenda on 14 October.

With thanks once more to our sponsors for the Delivering Social Value webinar, Sopra Steria.

Posted by: Tola Sargeant at 12:17

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Thursday 23 September 2021

Backers buzz around HIVED to build ‘emission-free’ delivery service

logoI am encouraged that more entrepreneurs want to build ‘emission-free’ businesses. But I worry that their good intentions will be thwarted by unsustainable (in the literal sense) business models.

Take for example Mathias Krieger and Murvah Iqbal, cofounders of London-based business parcel delivery startup, HIVED. They are intent on building the first mass-market zero-emission parcel delivery network, using only cargo bikes and electric mopeds and vans. So far, so noble.

Then they go and spoil it all by saying they will be cheaper than your current courier “guaranteed”. And this is with fully employed riders paid a ‘fair’ wage.

Founded in 2020 after Kings College graduates Krieger and Iqbal shelved their previous venture (an outdoor advertising startup called VanvasSource: Forbes). HIVED recently completed a £1.74m seed funding round led by Pale Blue Dot and joined by Eka Ventures, Blue Impact Ventures, The Fund, and several angel investors. HIVED currently operates within the M25 offering same-day delivery in 1-2 hour delivery slots, £500 insurance, and free collections without minimum quantities.

I wish I could tell you that businesses would be prepared to pay a premium to have their goods delivered ‘emission free’ but I strongly suspect they won’t. Therefore, and very unfortunately, I can see absolutely no way how HIVED will ever be able to make ends meet.

[And huge apologies to HIVED for the unfortunate typo in my original headline which read 'emission-fee' - the complete opposite of their intentions!]

Posted by: Anthony Miller at 09:41

Tags: funding   startup   logistics  

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Thursday 23 September 2021

West Kent selects Civica

CivicaCivica continues to progress in the housing market (see here) securing a seven-year £830k deal to supply West Kent Housing Association with its cloud Cx Housing, Asset Management and Contractor Workforce software.

Civica’s cloud-based platform is replacing West Kent’s existing set up of a range of different systems and spreadsheets with the aim of providing one source of data, increased automation and better reporting.

West Kent was established in 1989 and now owns and manages more than 8,000 homes throughout the County and will use Civica’s system to better support customer self-service, repairs management, tenancy enquiries and rent, arrears and service charge processes.

West Kent, as with so many other Housing Associations, is using cloud services to support more flexible service delivery and staff working patterns. For example, repair engineers or tenancy services officers will now have much more flexibility to work remotely, whilst the use of a single source of data should help resolve tenant enquiries much more quickly. There is also much greater self-service functionality with customers now able to upload images for repairs or report anti-social behaviour. They can also securely access their financial information, latest statements and book appointments all online. 

West Kent is looking to grow its portfolio to 10,000 managed homes by 2025 and is using the new partnership with Civica to explore potential adoption of a range of emerging tech including AI, Virtual Reality, Building Information Modelling and Internet of Things, all to help manage its housing stock more efficiently. 

Posted by: Marc Hardwick at 09:29

Tags: contract   cloud   software  

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Thursday 23 September 2021

Adobe beat market expectations in Q3 - mostly

Adobe logoAdobe rolled ‘the twenties’ during Q321 (to 3 September 2021) with revenue, net income and both its Digital Media and Digital Experience segments all achieving over 20% growth and top and bottom lines topping market expectations.

Demand for its products drove revenue up 22% to $3.96bn, while net income expanded by 26% to $1.21bn. Digital Media grew 23% to $2.87bn and Digital Experience by 26% to $985m, aided by the Workfront collaboration acquisition. So why did the share price drop c.4%? Mostly because at $11.67bn, annual recurring revenue was just below market expectations of $11.67bn. Evidently there was some summer seasonality within the Digital Media business as the opening up of travel and resumption of holiday travelling dampened demand. But in the bigger scheme of things that is surely a good thing and given Adobe’s performance, little to worry about. 

In terms of portfolio demand, SMB business levels were strong for Creative Cloud (a sub segment within Digital Media), while within Digital Experience there was demand for Journey Optimization and Customer Journey Analytics as organisations continued to invest in customer experience management. Adobe noted the demand for combined analytics, audiences, commerce and marketing workflows. The combined approach is something Oracle is also building on with the announcement of Oracle Fusion Marketing which automates lead generation and qualification, connecting and unifying workflows across marketing and sales. 

For Q4, Adobe is maintaining the ‘twenties’ theme with Digital Media and Digital Experience revenue expected to expand 20% and 22% respectively, within total revenue guidance of $4.07bn. 

Posted by: Angela Eager at 09:23

Tags: results   software  

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Thursday 23 September 2021

cheqd scores £1.9 funding for digital IDs

cheqd scores £1.9 funding for digital IDsLondon start-up cheqd secured another £1.9m of funding which it will use to launch its first digital ID product later this year.

The latest round was led by Outlier Ventures, Evernym, TitanBlock, Torque, 3GR and a consortium of private investors, and takes total fundraising to £2.4 million after previous backing in March this year.

The start-up aims to become the de-facto electronic payment mechanism by encouraging the adoption of a blockchain-based self-sovereign identity (SSI) amongst individual consumers which gives them more control over how their data is collected and shared between financial service providers during the identity verification process.

Users store their own digital ID on their smartphone, which can then be used to verify their qualifications, vaccine status or credit history for example. A first cheqd product is on course for launch later this year, aimed at banks, universities, hospitals and other organisations that want to issue credentials in digital ID formats.

Posted by: Martin Courtney at 08:55

Tags: funding   digitalidentity  

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Thursday 23 September 2021

Funding fuels Boulevard’s journey from fancy dress to ‘meta-marketplace’

logoIt must have been an interesting journey from online fancy dress costume and partyware retailer to ‘Top 500’ diversified product ‘superseller’, but such was the transition from the startup formerly known as Fancy Dress Worldwide to its new incarnation as Boulevard.

Founded in 2016 by young Worcester-based entrepreneur Dominic Portman, Boulevard is both an ecommerce marketplace in its own right as well as a platform for independent businesses to sell their products on global marketplaces like Amazon and ebay.

Boulevard’s platform (called Eiger) claims to handle all aspects of the ecommerce process from pricing strategies through to supply chain management and fulfilment. Boulevard has two distribution centres of its own, also based in Worcester.

Boulevard (formal name DAPV Ltd) recently closed a £2.2m seed funding round with Fuel Ventures. The startup had previously secured £600k in debt funding from The Midlands Engine Investment Fund (MEIF). According to the PR, Boulevard is currently ‘tracking’ £6m annual revenues (run rate I presume).

I’m not sure there’s a term that quite describes Boulevard; ‘meta-marketplace’ perhaps? Whatever, Portman has come up with a smart idea though, as ever, I always worry about the ‘asset heavy’ elements of ecommerce startups as these parts tend to be the trickiest – and costliest – bits to scale.

Posted by: Anthony Miller at 08:46

Tags: funding   startup   ecommerce  

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Thursday 23 September 2021

Attraqt still looking good

LogoOmnichannel search, merchandising, and product and content personalisation provider Attraqt Group plc, sustained the business moment developed during FY20 (see here) during the first half this year. Turnover for the six months ending 30th June increased by 10% yoy to £11.1m with annual recurring revenue at the end of the period up 13% at constant currency to £22.2m. H121 adjusted EBITDA held steady at £500k.

Although the £600k of new logo sales in the first half was down yoy (H120: £700k), this was more than offset by Attraqt expanding its share of existing customer wallets. There were seven up-sells in the period of the company’s new AI Search functionality developed on the back of the Aleph Search acquisition made last October. All clients that were eligible for renewal during the period did so on a multi-year basis and Attraqt also saw its net promoter score further improve to 33 (H120: 26).

Although UK online retail sales as a proportion of total retail sales have eased back from their lock down drive peak, their share of market is still 40% up on pre-pandemic levels. Retailers and brands continue to invest more in digital commerce and Attraqt is well positioned to benefit from this trend. The company is confident about its prospects for the remainder of 2021 and expects that the Full Year revenue performance, on a constant currency basis, will be in line with expectations.

Posted by: Duncan Aitchison at 08:25

Tags: results   software   retail   ecommerce  

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Thursday 23 September 2021

Dillistone: unwinding of pandemic impact hit H121, will continue into FY22

Dillistone Group logoIt is going to take some time for recruitment software and services provider Dillistone Group to recover from the effects of the pandemic. With a business model where a large part of its revenue is contracted annually in advance, sudden shocks have a long lasting effect, which can be seen in its H1 results and its prospects into 2022. 

H1 (to 30 June 2021) saw a 17% revenue decline to £2.801m “due primarily to the unwinding of the impact of the Pandemic” and leading to a loss for the period of £0.101m (vs. £0.088m). However, the order book did improve over the course of the six month period, so while Q1 orders were down on the pre-Covid period, they expanded by a welcome 67% in Q2. Yet the company faces a rocky road, cautioning that “Our business model is such that the impact of Covid 19 will continue to unwind through the remainder of 2021 and this will be evident in our full year results and the level of recurring revenue that we carry into 2022.” This comes after a few difficult years that Dillistone was beginning to overcome. 

There are positives. It is seeing improved new business sales, improved orders from existing clients, and improved operating cash flow; it launched the Talentis executive search software during H1 and revenues started flowing from late April; and continued to invest in its existing software portfolio. During our research we have seen signs of movement with the stage of pandemic recovery now providing individuals with the confidence to make job changes and career moves that were put on hold due to the previous extreme uncertainty. Dillistone’s Q2 order metric points to that trend too. 

Posted by: Angela Eager at 08:24

Tags: results   software  

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Thursday 23 September 2021

TPXimpact aims to capitalise on public sector opportunities

TPXimpactThe Panoply Holdings PLC, the acquisitive, public sector focused IT services group, has revealed a new name to reinforce its ambitious plans for further growth. Following today's brand launch, both the holding company and its various businesses will operate under the new name of TPXimpact. (The AIM listed vendor will retain its TIDM "TPX").

In tandem with the re-branding, TPXimpact will have a simplified organisational structure, with a single P&L and unified sales, account management, and back-office processes in the UK. The group hopes that the move will also help it to make better use of its development facility in Bulgaria.

Since starting life as The Panoply less than three years ago, the group has set about building a portfolio of businesses with the potential to capitalise on transformation opportunities within the UK public sector. To date the group has acquired 13 companies and, from a starting point of four founding businesses, TPX Impact now employs a team of 800 and commands annual revenue of £77m.

The group has targeted enterprises that expand its overall capabilities across a range of digital transformation services, whilst displaying broadly similar values. As the Panoply, the group has grown strongly since inception (see: The Panoply increases full-year guidance). Now, the new unifying brand is seen as being fundamental to the group’s growth ambitions, as it looks to target larger projects within the UK public sector and potentially other markets.

Posted by: Jon C Davies at 08:09

Tags: TPXimpact  

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Wednesday 22 September 2021

Please support the TechMarketView team and the Prince's Trust

The 'Alternate' Palace to Palace

I’m sure many readers know of both my and TechMarketView’s long association with the Prince’s Trust – supporting disadvantaged young people is a cause very close to my heart!

BThe Trust’s Palace to Palace -P2P- cycling event has been a major fund-raiser in years gone-by. But C-19 has put that on hold for a second year. That’s why we at TechMarketView are taking part in an Alternate P2P. Basically Tola, Kate, Helen, Dale, Martin, Marc, Tania, Becci, Paula, Belinda, Duncan…and ME are undertaking various activities – like walking, cycling and running – making up many times the P2P distance.

We are now halfway through the week, halfway through the target and just over halfway towards our sponsorship target.

HelenTODAY’s UPDATE

Tania Wilson has run 10km around Abingdon.

Belinda Tewson has gone on a 4 mile walk with her dog, Cooper.

MeHelen McTeer has run an amazing 33 miles around Leith Hill on the North Downs

And I have walked 6 miles with the Farnham Ramblers – where I am a Walk Leader.

Please support us and the Prince’s Trust

We’d really appreciate your support in helping us reach our fund-raising target and spur the team on the way to reach their individual targets.
CLICK HERE to sponsor us.

Posted by: Richard Holway at 16:27

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Wednesday 22 September 2021

Plenty of positives from Eagle Eye's FY21

Eagle Eye logoThe 12% revenue uplift to £22.8m that Eagle Eye achieved during FY21 (to 30 June 2021) represents a good level of performance considering COVID-19 measures impacted c.10% of its revenue base. The company also managed to report a slim but breakthrough maiden FY PBT of £0.1m compared to the £0.3m LBT of the prior ye

The range of its customer base helped Eagle Eye, whose business is based on creating digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, during the 12 months. While parts of the retail sector were badly impacted by COVID-19 restrictions, they also accelerated digital engagement strategies for many, particularly around  personalised marketing as buyers tried out new shopping behaviours. However, while the company benefitted from that trend, the trading challenges faced by non-grocery retail and leisure sectors were a drag on the overall business and meant Eagle Eye was unable to repeat the 21% growth of FY20

Reassuringly, Q4 picked up considerably - 27% yoy growth - as restrictions relaxed and several existing contracts moved into the next stage of their lifecycles. Consequently, it entered FY22 with “expanded underlying business and positive trajectory”, along with a record pipeline. 

It made good progress building its international presence across the year with revenue from North America and Australasia increasing 32% to £9.3m. It also secured new customers including Pret A Manger with its pioneering coffee subscription service, a five-year contract with Woolworths Group in Australia, and Staples US Retail its second US customer. It also moved into a new business sector – food services – with Vermaat in the Netherlands. In the UK Liberty Retail and Robinsons Brewery came on board. Eagle Eye was also a technology provider for Virgin Red, the new Virgin's rewards club. 

As it moves forward and customer behaviour continues to shift, Eagle Eye’s edge could increasingly be its ability to deliver personalisation across multiple customer touchpoints, something that is still a challenge because it requires data to be aligned across a retailer’s multitude of systems, in real time, and utilise analytics to determine the customer message and transaction capability. 

Posted by: Angela Eager at 09:50

Tags: results   software  

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Wednesday 22 September 2021

Government DDaT: Procurement framework changes

Crown Commercial Service logoChanges are afoot in the world of UK Government procurement frameworks. This was highlighted by Crown Commercial Services’ publication of a Prior Information Notice (PIN) last week for a new framework: Digital Specialists and Programmes.

Tech suppliers to Government will have got used to the Digital Outcomes & Specialists (DOS) framework. That is currently on its 5th iteration (RM1043.7) and expires in February next year. After that date, it will no longer exist in the same form. Instead, there will be two independent frameworks, both of which are likely to sit alongside the G-Cloud framework (and the Digital Capability for Health, QA&T, and Digital Inclusion frameworks) on the Digital Marketplace.

Essentially, Lot 2 of DOS, focused on the procurement of digital specialists is being removed from DOS. DOS, therefore, becomes Digital Outcomes 6 (RM1043.8) and provides a route to market for Outcomes, User Research Studios, and User Research Participants. It will have a £2b potential value and will be open to all suppliers. Meanwhile, Digital Specialists and Programmes will be the framework through which buyers will be able to seek individual DDaT roles as well as support for end-to-end digital transformation programmes across the full range of Digital, Data, and Technology Skills. The number of suppliers will be capped at 50 and the framework will have a potential £4b value through to 2028 (bidding will open on 21st October).

This move is in response to buyers finding that Lot 2 of the DOS framework was unable to meet their needs. The generic roles offered did not always allow public sector organisations to accurately match their requirements. For suppliers, one of the biggest changes is the cap on the number of suppliers that will be selected for the Digital Specialists & Programmes framework. At just 50, this is in stark contrast to the 3,340 suppliers that now sit on the existing DOS framework. The new arrangement appears to be more focused on identifying suppliers that are truly specialist in their fields, giving much more confidence to the buyer community. It is also likely to drive buyers to use it to fill specific roles rather than enabling long-term bench-filling. Successful suppliers – whether large or SME – will be far more confident of winning a share of the spend.

Posted by: Georgina O'Toole at 09:46

Tags: centralgovernment   procurement   government   framework   digital   data   public+sector  

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Wednesday 22 September 2021

Northumbria Healthcare transforms pathology with CliniSys

CliniSys logoThe most innovative NHS trusts continue to look for new ways to use digital and tech to improve patient care and Northumbria Healthcare is a great example. It’s aiming to transform pathology services across Northumberland and North Tyneside as part of its digital strategy using a new hosted laboratory information management system (LIMS) from CliniSys.

The trust, which is known for taking an innovative approach to care delivery, has announced plans to use ClinisSys’ WinPath Enterprise LIMS as it designs a new digital system for testing and results for its 500k patient population. Reassuringly, the pathology team have said that they are determined to keep an open mind about their current processes and look for opportunities to improve them during the transformation. 

What is certain though, is that integration with other systems will form a key part of the programme. The trust and local GPs already use the CliniSys Integrated Clinical Environment (ICE) to order tests and the plan is to integrate this with WinPath and other electronic systems at the trust. This will also mean that clinicians working in the trust’s laboratories can see patient records at a single click to assess whether there is additional clinical information to support the test results. In addition, lab results will be fed into the Great North Care Record that is being set up to share key patient information across the region (see Integrated Care Systems: Analysing the opportunity for tech suppliers).

The contract is a great addition for CliniSys, which will relish the opportunity to work with a digitally ambitious trust like Northumbria. The UK-headquartered SME has carved out a strong niche for itself and now claims to be Europe’s largest laboratory diagnostic IT vendor. With offices in six European countries, CliniSys’ software is used by c75% of NHS trusts and we highlighted it as one to watch in our 2020 UK Health Supplier & Market Analysis report.

Posted by: Tola Sargeant at 09:15

Tags: contract   software   healthcare  

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Wednesday 22 September 2021

Patchwork quilt of backers sew seed funding for Patch

LOGOReally unfortunate choice of company name – Patch. I got a PR about its recent funding round and tried to check them out on the ‘Net and there is just a kluge of startups with the same name and I struggled to find the ‘right’ one.

Which is a bit of a pity really, as the concept of a ‘Work Near Home’ (WNH) marketplace is rather relevant. The idea behind this Patch (maybe it’s the name of the founder’s dog?) is to convert empty local high street shops and under-utilised landmark buildings into “collaborative cultural spaces”. I think that might be ‘over-egging the omelette’ for what is really all about a network of localised mini-WeWork-style locations, but the sentiment is great.

Anyway, Patch has raised $1.1 million in a seed funding round led by various angel investors, including Robin Klein and a bunch of others whose names I am not familiar with.

Patch’s first WNH (why not use that as the brand name?) site opens in Chelmsford in November, with others planned for 2022.

It’s a parlous business renting out workspaces. I do hope Patch has got its business model well sorted.

Posted by: Anthony Miller at 08:55

Tags: funding   startup  

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Wednesday 22 September 2021

Civica secures Herts ePMA contract

Civica logoHertfordshire Partnership University NHS Foundation Trust (HPFT) has selected Civica to provide its new Electronic Prescribing and Medicines Administration (ePMA) solution.

HPFT employs nearly 3,000 staff and provides health and social care for over 400,000 people across Hertfordshire, Buckinghamshire, Norfolk and North Essex. It delivers a range of nationally commissioned specialist services including Tier 4 services for children and young people, perinatal services and medium and low secure learning disabilities services.

Prescribing and medicines information at the Trust is currently managed on paper; however, HPFT was awarded resources by the Department of Health and Social Care (DHSC) in 2020-21 to implement an ePMA. The Trust selected the Civica Prescribing solution, which has been designed specifically for mental health and community care settings. The five-year contract will support the Trust’s digital transformation programme to develop more patient-facing and self-management technology, improve data analytics and interoperability between systems.

The ePMA is expected to improve patient safety and clinical governance, as well as increasing operational productivity. It will be integrated with HPFT’s Electronic Patient Record (EPR), which has been provided by Civica since 2012. It will also integrate with the Trust's pharmacy system and, in future, link with the NHS Electronic Prescription Service.

Civica has developed a position of strength in mental health and community care settings. The contract follows ePMA deals it secured with Sussex Partnership NHS Foundation Trust and Greater Manchester Mental Health NHS Foundation Trust earlier this year.

Posted by: Dale Peters at 08:53

Tags: nhs   contract   healthcare   epma  

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