Q4 Update and Contract Wins

RNS Number : 2885I

Allocate Software PLC

13 June 2011

 



13 June 2011

ALLOCATE SOFTWARE PLC

("Allocate" or "the Company")

Fourth Quarter Update and Contract Wins

Allocate Software plc (AIM: ALL), the leading provider of workforce and compliance optimisation solutions, announces a strong performance for its fourth quarter ended 31 May 2011. 

Highlights

§ 12 new NHS Trusts purchased Healthroster, the e-Rostering application.

§ Four NHS Trusts extended the term of their agreements; 12 NHS Trusts extended their licences to cover additional users or additional products.

§ The total NHS Healthroster customer base now stands at 145 Trusts.

§ In the full year to 31 May, Allocate has secured a total of 29 new Healthroster contracts, 26 new NHS Trusts selected Healthroster as their e-Rostering solution in addition to three International healthcare facilities and seven Trusts extended the term of their agreements.

§ Dynamic Change secured three new NHS Trusts in Q4 making a total of 13 new NHS Trusts customers in FY11. In addition during Q4, five Trusts extended the term of their contracts and a further five Trusts increased the user numbers within their contracts.

§ Time Care secured 13 contracts in Q4, being three new customer wins and 10 contracts extensions for more users or additional products.

§ Second State-wide agreement secured in Australia, with the Office of the Chief Nurse for Queensland. The agreement is to deploy BSMS Trinity, the Flexible Staff Management solution, to manage 15,000 staff.

Healthcare

The Healthcare sector continues to perform well for all of Allocate's HealthSuite of applications.  The new contracts awarded for Healthroster, one of the four products within HealthSuite during the fourth quarter were:

UK

§ Solent Community Health NHS Trust

§ Queen Elizabeth Hospital King's Lynn NHS Trust

§ West Kent Community Health NHS Trust

§ West Middlesex University Hospital NHS Trust  

§ Western Sussex NHS Foundation Trust

§ Dorset County Hospitals NHS Foundation Trust

§ Aneurin Bevan Health Board formerly Gwent

§ South Staffs and Shropshire Healthcare NHS Foundation Trust

§ Ipswich Hospital NHS Trust

§ Sheffield Teaching NHS Foundation Trust

§ Kingston Hospital NHS Trust

§ and Royal Bolton Hospitals NHS Foundation Trust

In addition to the securing of the new customers noted above, the Company secured 16 contract extensions. Also, included within the 12 new NHS Healthroster wins noted above, were four customers who were previously using a competitive product.

Australia

§ The previously announced Australian Healthcare project progresses well, with the first rosters having been published.

§ As noted above, the Company is delighted to have won its second Australian, State-wide agreement.

US

§ In Q4 the Company won its  third US Healthroster customer, Austin Radiological Association Austin Texas

Defence

§ Significant additional licence sale to the Royal Australian Navy.

§ Substantial additional services work, plus a new multi-year support contract with the British Army.

§ Substantial new services work gained for the Royal Australian Navy under their New Generation Navy Programme.

Maritime

§ Major additional services work to support the Subsea7/Acergy Group merger.

§ Additional licence sale to Maersk Oil Qatar.

§ SignificantMAPS installation upgrade for Norwegian Cruise Lines.

Ian Bowles, Chief Executive Officer of Allocate commented: "I am delighted with the company's performance in Q4, which has been a very strong quarter for Allocate, particularly in Healthcare and in Defence. Our UK Healthcare business has responded well in the face of the NHS reforms and we have secured a very pleasing number of new NHS Trusts as Healthroster customers. Our existing customers continued to demonstrate their commitment to Allocate by making additional investments in other products within the Allocate product range.

"The strategy for integration of Allocate and Dynamic Change has resulted in the securing of a higher number of new accounts in both Q4 and the second half of FY11 than in the corresponding periods of FY10. The fact that 10 current customers of Dynamic Change also extended their use of the applications in Q4 indicates the continued value our NHS customers see in our compliance solutions. Following a difficult start to the year which was caused by the announcement of the NHS reforms, it is very encouraging to see tangible evidence of the renewed momentum in the Dynamic Change business.

"Overseas, Time Care our Nordic operation continues to perform well and to meet management expectations. In Australia, the major project continues to roll out in line with expectations and in Queensland, again, we are delighted to have won the State wide agreement, to implement our temporary staffing solution BSMS Trinity across all healthcare institutions."

Full year trading update

As detailed above, Allocate ended the financial year positively and as a result the Board expects to report results for the financial year ended 31 May 2011 in line with expectations. The Company's results for the financial year ended 31 May 2011 will be announced in the week commencing 8 August 2011.

Please note that in future the Company will not issue quarterly updates in Q1 and Q3. Updates will be issued at the half year and at the full year and other than at those times, updates will be issued on an event driven basis rather than on a quarterly basis.

Enquiries:

Allocate Software plc Ian Bowles - Chief Executive Officer Chris Gale - Chief Financial Officer Martin Jeffries - Marketing Director	Tel: [phone]
Numis Securities Nominated adviser - Michael Meade / Richard Thomas Corporate Broking - James Black	Tel: [phone]
Gable Communications Justine James / John Bick	Tel: [phone] M:   [phone]

About Allocate Software plc

Allocate Software plc is the leading workforce optimisation software applications provider for world-wide organisations with large, multi-skilled workforces.  With a blue chip client base spanning the public and private sector, its key vertical markets include: Healthcare, Defence and Maritime.

At the core of the business is Allocate's workforce optimisation software, which organisations use to deploy the right people with the right skills, to the right place at the right time.  Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate is quoted on the London Stock Exchange (AIM: ALL).  For further information please visit www.allocatesoftware.com.

 

END

 

 

MSCLLFVARAIFLIL