AGM Statement
Summary by AI BETAClose X
27 May 2026
APTITUDE SOFTWARE GROUP PLC
('Aptitude Software' or 'the Group')
AGM Statement
Aptitude (LSE:APTD), a market-leading provider of finance transformation software solutions specialising in fully autonomous finance, provides the following update in advance of the Annual General Meeting to be held at 09:00 a.m. today.
Highlights
· Building Fynapse momentum, Aptitude's AI-powered autonomous finance platform, with two new enterprise wins in FY26 to date.
· Rationalising wider product lines and team structures to concentrate investment behind Fynapse and the Finance ERP opportunity.
· Further up-sell and renewal success across the wider product portfolio in the year to date, providing increased visibility of future revenues.
· Strategic Review, including a Formal Sale Process under the Takeover Code, as announced on 8 April 2026, is progressing in line with the Board's expectations.
· As previously announced, Ivan Martin will remain in his role as Non-Executive Chair until the conclusion of the Strategic Review.
AGM Statement
The Group has made positive operational progress in the year to date, with a strong recurring revenue base providing a resilient foundation and robust cash generation. The Board continues to simplify and focus the business around Fynapse as the Group's core growth engine, centred on the emerging Finance ERP market, while maintaining disciplined cost management across the organisation.
The Group's partner-first model is delivering an increased contribution from global partners, with Fynapse-led opportunities representing 84% of the Group's FY26 pipeline. Fynapse implementation timelines continue to shorten, with customers achieving faster deployment and earlier return on value.
Fynapse continues to see positive market traction, underpinned by the structural shift toward AI-driven, real-time finance platforms. New Fynapse wins in FY26 to date include a UK telecommunications company (over £1bn revenue) and a global insurance brokerage firm (over $5bn revenue), further demonstrating ongoing growth in demand for modern finance architectures capable of supporting real-time operations, automation and AI-ready finance data.
Aptitude's installed customer base remains a source of strength, with renewals, cross-sell and up-sell activity across the entire product portfolio, reinforcing the long-term migration opportunity for Fynapse and expanding the Group's footprint across existing clients.
Update on Strategic Review, including Formal Sale Process
As previously announced, the Board has initiated a Strategic Review, including a formal sale process, supported by a number of major shareholders, to maximise value for shareholders and stakeholders, recognising that further resources are required to accelerate Fynapse's opportunity in the emerging Finance ERP market. The Strategic Review is therefore considering a range of options. The Board will provide a further update in due course.
Board
As previously announced, Ivan Martin will remain in his role as Non-Executive Chair until the conclusion of the Strategic Review in order to ensure continuity of leadership and oversight throughout the process.
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Aptitude Software Group plc |
020-3687-3200 |
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Ivan Martin, Chairman |
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Alex Curran, Chief Executive Officer |
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Canaccord Genuity Limited |
020-7523-8000 |
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Simon Bridges / Andrew Potts |
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Alma Strategic Communications |
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Caroline Forde / Hilary Buchanan |
020-3405-0205 |
About Aptitude Software
Aptitude Software provides software solutions that deliver fully autonomous finance to enable its clients to drive growth, efficiency and sustainability. Fynapse is Aptitude's intelligent finance data management and accounting platform designed to increase productivity and lower costs for finance teams globally. Fynapse provides a single view of finance and business data, unparalleled performance and automation, faster and better insights, user-friendly functionality and market-leading total cost of ownership.
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