Last checked at 21 Mar 2017 16:26
21 March 2017
ACCESS INTELLIGENCE PLC
("Access Intelligence", "the Company" or "the Group")
Sale of AI ControlPoint Limited
Access Intelligence plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for reputation management, announces that it has sold the entire issued share capital of AI ControlPoint Limited, a wholly owned subsidiary of the Company to the Norwegian company, One Voice AS, a leading provider of software solutions for emergency preparedness and crisis management.
AI ControlPoint is a provider of cloud-based Crisis and Incident Management solutions to highly regulated industries such as Oil and Gas, Aviation and Local Government. AIControlPoint has developed a state of the art product set which has been rolled out to existing clients and provides opportunity to gain further market share.
The Directors of Access Intelligence considered that AI ControlPoint's business did not fit strategically with Access Intelligence's core reputation management business. Furthermore, they believed that the time was now right for AIControlPoint to be sold to a new owner with the vision to support it through the next phase of its business development into other industries and geographies.
Joanna Arnold, Chief Executive of Access Intelligence, comments:
"The divestment of AI ControlPoint from the Group is in line with our strategic focus on reputation management software, continuing to create create value for our shareholders. AI ControlPoint Ltd is a great business with an incredibly talented team that will undoubtedly flourish under the ownership of One Voice AS. We have enjoyed every minute of supporting our customers with their crisis management needs and wish them well under the new owners."
Frode Lien Otnes, Chief Executive of One Voice, comments:
"Our strategy is growth, both in Scandinavia and the international market. With this acquisition, we are taking an important step and the timing is perfect. We combine our world-leading product with AIs knowledge in what we see as an important market. This form a basis for growth, but also further development of our product. I am extremely pleased that what started as a small entrepreneurial company in Trondheim, Norway can now buy our toughest competitor in the international market. "
For further information:
Access Intelligence plc 0843 659 2940
Joanna Arnold (CEO)