5 February 2025
ActiveOps
plc
("ActiveOps", the "Company" or the "Group")
New Customer Wins and Senior
Leadership Appointment
Nine new logos secured so
far in FY25, supporting a continued positive trading
performance
New
Business Momentum
ActiveOps plc (AIM: AOM), a leading
provider of Decision Intelligence software for service operations,
is pleased to report strong momentum in new business wins to date
in the second half of the year ending 31 March 2025 ("H2 FY25"). Six new customers have been
signed so far in H2 FY25, bringing total new logos won in the year
to date to nine, versus three in FY24. The initial scope of the new
contracts supports existing consensus market
expectations* and each of the contracts has further
exciting global expansion potential, in line with the Company's
Land & Expand growth strategy.
The new logo wins are across North
America, APAC and EMEIA and follow the Board's decision to invest
in the Group's international sales teams. Customer acquisition in
North America has been particularly pleasing, with further growth
potential in the region supported by a healthy new business
pipeline.
The new customers secured include
blue-chip banks, BPOs and an international healthcare insurance
provider, with several adopting ControliQ Series 4, the most
advanced iteration of the ControliQ platform, providing access to
the latest AI and ML capabilities.
Senior Leadership Appointment
The Group is pleased to announce the
appointment of Paul Maguire to its Senior Leadership Team as Group
Managing Director, a non-Board position. With over 30 years working
in the enterprise software industry and 20 years of executive
leadership responsibilities, Paul has a proven track record of
scaling enterprise software businesses globally, to achieve
consistent and sustainable growth. Most recently Paul was Senior
Vice President and Managing Director APAC & EMEA for Coupa, a
leading Business Spend Management platform and was previously
Senior Vice President and Managing Director APAC, EMEA & LATAM
for Appian, a leading platform for process orchestration,
automation and intelligence.
ActiveOps Executive Chair, Richard Jeffery,
commented:
"It is pleasing to report on the strong new business
momentum we have seen around all our territories so far this year.
These wins, alongside our sustained expansion performance, are a
clear example of the need for our solutions as large enterprises
continue to invest in technologies that boost efficiency and
improve employee satisfaction.
"I
am delighted to welcome Paul to the Senior Leadership Team, he is
joining us at an exciting time and his experience and track-record
of success will help further drive ActiveOps' growth and
development.
"While enterprise sales cycles remain elongated, our
performance so far this financial year gives us confidence that the
strategic decisions we have taken to invest in our product,
positioning and sales teams mean we are well placed to continue to
build on our achievements."
Notes
* In so far
as the Board is aware, as at 4 February 2025, consensus market
expectations are: FY25 - Revenue of £29.4m and adjusted EBITDA of
£2.3m; FY26 - Revenue of £31.6m and adjusted EBITDA of
£3.0m.
For
more information, please contact:
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ActiveOps
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Via Alma
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Richard Jeffery, Executive
Chair
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www.activeops.com
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Emma Salthouse, Chief Financial
Officer
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Investec Bank plc - Nominated Adviser and
Joint Broker
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+44 (0)20 7597 5970
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Patrick Robb / Nick
Prowting
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Canaccord Genuity Limited - Joint
Broker
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+44 (0)20 7523 8000
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Simon Bridges / Harry Gooden / Harry
Rees
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Alma Strategic Communications
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+ 44(0) 203 405 0205
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Caroline Forde / Will Ellis Hancock
/ Louisa El-Ahwal
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About ActiveOps
ActiveOps is a Software as a Service
business, dedicated to helping organisations create more value from
their service operations. ActiveOps' Decision Intelligence software
solutions are specifically designed to support leaders with the
vast number of decisions they make daily in the running their
operations. Our customers make better decisions and consume less
time and effort making them. The outcomes are significantly
improved turnaround times and double-digit improvements in
productivity with backlogs of work materially reduced. Customers
also leverage the capacity created to invest in transformation and
development, and more efficiently utilise resources.
The Company's AI-powered SaaS
solutions are underpinned by 15+ years of operational data and its
AOM methodology which is proven to enhance cross departmental
decision-making.
The Company has approximately 190
employees, serving a global base of enterprise customers from
offices in the UK, Ireland, USA, Canada, Australia, India, and
South Africa. The Group's customers are predominantly in the
banking, insurance, healthcare administration and business process
outsourcing (BPO) sectors, including Nationwide, TD Bank, Elevance
and Xchanging.
