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[lexus880] 22/5/2015 13:20

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Innovation Group (TIG) Download report on Innovation Group Price Market Cap.
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21 May 2015 | Software & comp services 29.75p £365m

[nw99] 19/5/2015 07:08

"Following the recent contract wins, underlying momentum in the business is strong. The last six months have seen us deliver double digit increases in revenue and adjusted profit and, at the same time, our newly separated Software and Business Services divisions are now tightly aligned to their target markets. Both teams are fully focused on the opportunities ahead and it is particularly encouraging to see our Software business begin to gain traction."

[simon gordon] 01/4/2015 14:18

Tech Market View - 1/4/15:

TIG warns on delayed H1 software revenues

Shares in insurance business process services and software provider The Innovation Group (TIG) fell more than 15% after warning on H1 revenue.

We understand the slipping of three significant UK software contracts was the main reason for the miss. Benign weather conditions in the UK however also adversely impacted UK property claims volumes.

The software deals were supposed to close and contribute revenue in H1. The first one has just done so, with a tier one European motor brand, selecting TIG's Insurer product suite, in a deal worth £3.6m.

One of the remaining deals is rumoured to be worth tens of millions of pounds to TIG, and could well rank as its largest to date – we understand this is in partnership with a major systems integrator. Deals of this size and scale are complex, and we wouldn’t be surprised if it played a part in some of the delay.

At the same time, TIG's mobile app partner Symbility Solutions changed the terms of its relationship, buying out its customer contracts from TIG for £4m. The value added reseller (VAR) agreement has been replaced with a more traditional five-year contract for TIG to use Symbility.

We hear that these two remaining software deals should now close in April/May. One of the them looks set to be a landmark deal for TIG. Watch this space.

[mrripley99] 01/4/2015 14:16

Looks like a cleverly worded precursor to a profits warning

[latifs100] 01/4/2015 13:40

any comments todays rns, 38 mill sells

[johnwise] 29/1/2015 08:03

Innovation Group PLC North America BPS Business Wins



29 January 2015

RNS Number : 4648D

The Innovation Group plc (LSE: TIG.L), a global provider of Business Process Services ("BPS") and software solutions to the insurance, fleet, automotive and property industries, is pleased to announce new BPS agreements within its North American business, in both its Property and Motor divisions.

In the Motor division, a new contract has been signed by the Group's newly acquired roadside services business, Driven Solutions, with a Canadian financial institution for emergency roadside services. The contract has been signed for an initial 6 month period, but is expected to convert to at least a three year agreement. The contract is expected to generate an estimated $8m in revenues over the next three and a half years.

In the Property division, a new contract has been signed with a Tier 1 insurer for property desk review services. The contract is for an initial 1 year term, but is expected to renew for at least 2 additional years. The contract is expected to generate revenues in excess of $1.5m over the next three years.

Commenting on the news Andy Roberts, Chief Executive Officer of Innovation Group said:

"Today's announcement of new business wins across different product lines in North America demonstrates Innovation Group's all-round strength in a key market, which we consider to be our largest opportunity in regards to market share growth."

[zipstuck] 03/12/2014 14:16

He' not leaving but going part time from jan 16.

[victor2] 03/12/2014 13:28

It seems market is disappointed that Andy Robets
intends to and leave at end of 2015.

[victor2] 03/12/2014 08:37

V good figures and dividend new contract win and aquisition
things are looking good for tigs brokers estimates likely
to be upgraded by 10%.

[mckenzie one] 09/11/2014 19:39

Expect a fall down to 27p, tomorrow

Then a move up to 35p.

Ready for Results.

[b1ggles] 03/11/2014 16:33

Don't worry, we'd forgotten it.

[mckenzie one] 03/11/2014 14:03

FORGET THE LAST POST,

WE HAVE A NEW HIGH COMING

[mckenzie one] 31/10/2014 12:26

For Information,

TIG Has just broken out of its upper trend line,

since July,

BE CAREFUL IF YOUR OUT.

[mckenzie one] 27/10/2014 16:36

NO it dont tell me anything.

what its telling me is its going to 55p.

[b1ggles] 27/10/2014 12:21

That must tell you something.

[mckenzie one] 27/10/2014 10:33

There is only me with a BUY on it.

[mckenzie one] 27/10/2014 10:32

Hey, Every one can't you see TIG is ready to POP.

You will not see this price again.


BUY BUY.

[mckenzie one] 13/10/2014 16:11

Do not sell REBOUND Tomorrow

[tradermel] 23/9/2014 07:39

RNS

Acquisition of Driven Solutions Inc ("Driven")

The Innovation Group plc (LSE: TIG.L), a global provider of Business Process Services ("BPS") and software solutions to the insurance, fleet, automotive and property industries is pleased to announce the acquisition of Driven Solutions Inc and its associated companies (together "Driven").

[victor2] 19/9/2014 12:54

I am told pamure gordon has a buy note out with
a price target of 51p.having said that stock not going up until
stock overhang has been shifted.

[victor2] 17/9/2014 16:03

Bit premature saying seller finished larger
than thought,people working on clearing overhang
when completed should fly.

[victor2] 16/9/2014 14:36

looks like seller has been taken out
sould see them bounce back through
30p very quickly.

[inki] 15/9/2014 15:28

why the enthusiasm to take up a 32p rights issue - any ideas ?

[broadwood] 18/8/2014 09:02

Ready to start that climb?



Panmure Gordon Innovation Group (The) PLC 18/08/2014
Retains
Buy Buy
0
51.00 51.00 31.75
0

2

[broadwood] 18/8/2014 07:40

Good results - but strong pound hurting as expected.

- The Innovation Group said building on a strong H1, further substantial progress has been made during the period across the group. Its board remains confident that its trading and opportunity pipeline puts the Group on track to meet FY expectations. Its comments were in an interim management statement for the period April 1 to date, the text of which is given below: "In the Group's BPS business we have secured several contract renewals, the most significant of which is with one of the world's leading motor manufacturers and valued at £10m in revenue over its three year term," the company said. "In addition, a number of new BPS pilots are underway, which if successfully contracted would underpin FY15 expectations. The pipeline in BPS across all of our regions remains strong," it said. "In the Group's software business we have achieved some very important milestones, including completion of the first live US customer implementation of Insurer Claims V7. "Several more implementations will be live in the US and UK before the end of the calendar year providing valuable reference sites for the full Insurer suite. "Demand in our end-markets is increasing and the pipeline for software remains strong across the US, UK and Australia, albeit with an increased tendency for customers to undertake more detailed procurement-led contracting processes before concluding their purchasing decisions. "The two acquisitions made by the Group in the first half of the year continue to bed in well. Chris Ashworth has brought valuable leadership to our enlarged UK Motor business through the acquisition of Crash-worth Limited, and the UK motor business is now engaged in a number of substantial tenders with Tier 1 and 2 insurers. "The integration of LAS, the property 'wet perils' business acquired by the Group in March, is progressing to timetable and is on track to realise the expected synergies in full by the end of the current financial year. "As advised as part of the equity fund raising earlier this year, the Group raised a surplus of c. £25m for a third acquisition that was then in the early stages of negotiation. Negotiations are proceeding and we expect a conclusion by the end of the current financial year, which if, as is currently expected, is successful will be EPS enhancing in FY15 and beyond. "As a global business, currency fluctuations and their translational impact do impact the Group's financial performance. The Euro has weakened further against Sterling during the period and as a significant proportion of the Group's revenue and profit is denominated in Euros, shareholders will be aware that this and any further currency changes will feed through to full year results."