Accesso Technology Group Share News (ACSO)

Accesso buys ticketing platform VGS in $53m deal

(Sharecast News) - Leisure and entertainment technology specialist Accesso announced the acquisition of ticketing and visitor management platform VGS on Tuesday,

IN BRIEF: accesso Technology acquires ticketing platform VGS

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Buys leisure sector ticketing and visitor management platform VGS for USD52.6 million total cash consideration. VGS will be rebranded as accesso Horizon. Completion expected in the coming days. accesso Technology says acquisition will enable further revenue growth by expanding platform to add e-commerce, and deliver immediate earnings accretion. Says VGS is "consistently profitable" with proforma pretax profit around USD4 million in 2022. VGS serves over 100 venues "including the world's most popular theme park destination."

Accesso agrees new $40m facility with HSBC

(Sharecast News) - Leisure and entertainment sector-focussed Accesso Technology announced the establishment of a new banking facility with HSBC on Tuesday.

IN BRIEF: accesso Technology agrees new USD40 million banking facility

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Agrees new USD40 million revolving credit facility with HSBC Holdings PLC on a four-year term ending May 2027, accompanied by a USD20 million accordion option. Newly agreed facility replaces accesso Technology's previous undrawn GBP18 million arrangement with Investec PLC and Ltd from March 2021, which was due to expire in March 2024. This facility has now been cancelled. Says HSBC facility is accompanied by a USD20 million accordion option, which it may utilise as it "pursues its strategic plan into the mid-term". Says Numis Corp PLC acted as its debt advisor to the transaction.

Accesso launches new 'Freedom' cloud-based product

(Sharecast News) - Leisure, entertainment and hospitality technology specialist Accesso launched its new 'Accesso Freedom' product on Tuesday.

IN BRIEF: accesso Technology launches new point of sale cloud platform

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Announces launch of cloud-native point of sale platform accesso Freedom. The Software-as-a-service solution builds on intellectual property acquired from Omnico Group UK Ltd in July last year. It allows customers to unify all transactions on one platform, can "seamlessly" scale for venue size and enables use of emerging technologies like chat bot ordering and voice-based transactions.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: acccesso buys firm, Card Factory ups outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Accesso Technology acquires Paradocs

(Sharecast News) - Technology solutions provider Accesso Technology has acquired Canadian software firm Paradocs in a deal valued at $10.0m.

IN BRIEF: accesso Technology hails rises in annual revenue and profit

accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Posts revenue of USD139.7 million for 2022, up 12% from USD125.0 million in 2021. Says this strong growth was driven by a combination of new business volume and growing product utilisation across our product set. Pretax profit rises by 2.5% to USD12.4 million from USD12.1 million, as gross profit climbs to USD104.0 million from USD96.4 million a year earlier. Earnings before interest, tax, depreciation and amortisation amounts to USD25.8 million, down 8.3% from USD28.1 million in 2021. Administrative expenses increase 10% to USD91.2 million from USD82.9 million. Looking ahead, expects 2023 to be profitable and cash generative in line with current expectations.

Accesso delivers record revenue in preliminary results

(Sharecast News) - Accesso Technology Group reported a 12% increase in revenue in its preliminary results on Tuesday, to $139.73m, and a 16.3% increase at constant currency to $145.2m.

Accesso delivers record revenue in preliminary results

(Sharecast News) - Accesso Technology Group reported a 12% increase in revenue in its preliminary results on Tuesday, to $139.73m, and a 16.3% increase at constant currency to $145.2m.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Somero revenue short of outlook; SigmaRoc optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Engage XR revenue up; Smartspace trades in-line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: