Q4 Update & Contract Wins

 

TIDMALL 
 
RNS Number : 3672N 
Allocate Software PLC 
10 June 2010 
 

10 June 2010 
                              ALLOCATE SOFTWARE PLC 
                          ("Allocate" or "the Company") 
 
                    Fourth Quarter Update and Contract Wins 
 
Allocate Software plc (AIM: ALL), the leading provider of workforce and business 
optimisation solutions, announces a strong performance for its fourth quarter 
ended 31 May 2010.  Key highlights include: 
 
* Acquisition of Dynamic Change Ltd, a market leading software-as-a-service 
("SaaS") provider, to broaden Allocate's application portfolio for the 
Healthcare sector to include regulatory compliance, corporate governance, risk 
and performance management 
 
* 14 new NHS contract wins for Healthroster, the e-Rostering application, 
increasing the total NHS e-Rostering customer base to 119 Trusts 
 
* Awarded the largest contract in Allocate's history - a State-wide e-Rostering 
contract by the Department of Health, New South Wales, Australia. The signed 
contract value for license and support is in excess of A$6 million 
(approximately GBP3.3 million at current exchange rates). In addition, a 
services agreement worth approximately A$4 million (approximately GBP2.2 million 
at current exchange rates) is expected to be agreed and signed following the 
completion of an initial planning project, bringing the total contract up to a 
potential value of A$10 million 
 
* GBP2 million contract signed with the Australian Army for Allocate's Defence 
Suite 
 
* Birmingham East and North Primary Care Trust signed a new contract for BSMS 
Trinity, the Bank Staff Management Solution 
 
* London Ambulance Service signed a contract for Allocate's SAPPS financial 
modelling product, boosting the total number of NHS healthcare organisations 
using this application to 65 
 
* Continued successful integration of Time Care AB with 15 new business wins, 
eight of which were new license deals 
* Dynamic Change Ltd secured its first business win as part of the Allocate 
Group, with Dudley Group of Hospitals NHS Foundation Trust purchasing its 
Commissioning for Quality and Innovation ("CQUIN") solution, helping the Trust 
to drive quality and unlock incentive payments 
 
Healthcare 
Allocate's acquisition of Dynamic Change Ltd last month enables the Company to 
offer the Healthcare sector a broader range of applications and SaaS delivery 
capability. Dynamic Change secured its first business win as part of the 
Allocate Group with the Dudley Group of Hospitals NHS Foundation Trust 
purchasing its CQUIN solution 
 
The Healthcare sector continues to deliver strong organic growth across 
Allocate's Health Suite of applications.  New contracts awarded for Healthroster 
during the fourth quarter were: 
 
* Colchester University Hospital Foundation Trust 
* Stockport NHS Foundation Trust 
* Mid Staffordshire NHS Foundation Trust 
* Guys and St Thomas's NHS Foundation Trust 
* Taunton and Somerset NHS Foundation Trust 
* Barnsley Primary Care Trust 
* The Nuffield Orthopeadic Centre NHS Trust 
* Southport and Ormskirk Hospital NHS Trust 
* Hull Teaching Primary Care Trust 
* Oxford Radcliffe Hospitals NHS Trust 
* Greenwich Teaching Primary Care Trust 
* North Bristol NHS Trust 
* Durham and Darlington Primary Care Trust 
* Bedfordshire Community Healthservices 
 
As detailed above, Allocate was also awarded its largest ever contract with the 
State Government of New South Wales, Australia, to supply its Healthroster 
software across the entire state public health system, covering more than 90,000 
staff. 
 
Birmingham East and North Primary Care Trust purchased BSMS Trinity to manage 
its bank and agency staff, increasing the number of customers using one of 
Allocate's Bank Systems to over 170 NHS Trusts. 
 
The London Ambulance Service has signed a contract for the implementation of 
SAPPS, Allocate's financial modelling product. A key reason for them choosing 
this solution was the product's proven capability to ensure cost effectiveness 
in the delivery of services without comprising the quality of the services being 
delivered. 
 
Successful integration with Time Care AB continues, with 15 new business wins 
reported over the period. Eight of these were for new licenses including: 
 
* Stockholm Globe Arenas, which takes Time Care into a new business sector, 
event venues 
* Västerås Stad, the first Municipality customer for Time Care Scheduler 
* Förenade Care, one of Sweden's largest 'Private Care' companies 
 
Defence 
In May 2010, the Australian Army signed a new GBP2 million contract for 
Allocate's Defence Suite, to support its Force Modelling and the Individual 
Reinforcement programme. This is one of the largest licence contracts ever to be 
awarded for the Defence Suite. The contract will be rolled out across the 
Australian Army's Enabling Brigades over the next six months. 
 
Maritime 
The world's largest entertainment company went live shore-side with the Maritime 
Suite in April 2010. 
 
 
Ian Bowles, Chief Executive Officer of Allocate commented: "This has been 
another significant period of activity for Allocate. We have demonstrated 
further strong organic growth in our key vertical sectors.  Healthroster and 
BSMS are now the most commonly used applications for e-Rostering and temporary 
staff management in the NHS. 
 
"The recent selection of Allocate and Healthroster by the Department of Health, 
New South Wales, validates our international expansion strategy.  The new 
contract with the Australian Army, building on our relationship with the Royal 
Australian Navy, clearly reinforces our position within the Defence sector, 
particularly across the Commonwealth and Coalition forces community. 
 
"We continued to deliver on our acquisition strategy with the acquisition of 
Dynamic Change, which has brought us new expertise in the SaaS arena. This 
acquisition has extended our ability to deliver quality applications and 
services to existing customers and created new opportunities across the UK NHS 
and international healthcare markets. I am therefore confident that our growth 
will continue well in to the future." 
 
 
Full year trading update 
As detailed above, Allocate ended the financial year strongly and as a result 
the Board expects to report results for the financial year ended 31 May 2010 
ahead of its previous expectations. The Company's results for the financial year 
ended 31 May 2010 will be announced in the week commencing 2 August 2010. 
 
 
Enquiries: 
+-----------------------------------------+--------------------------+ 
| Allocate Software plc                   | Tel: [phone]     | 
| Ian Bowles - Chief Executive Officer    | 5555                     | 
| Chris Gale - Chief Financial Officer    |                          | 
| Claire Parsons - Marketing              |                          | 
| Communications Manager                  |                          | 
|                                         |                          | 
+-----------------------------------------+--------------------------+ 
| Numis Securities                        | Tel: [phone]     | 
| Nominated adviser - Michael Meade /     | 1000                     | 
| Brent Nabbs                             |                          | 
| Corporate Broking - James Black         |                          | 
|                                         |                          | 
+-----------------------------------------+--------------------------+ 
| Hansard Communications                  | Tel: [phone]     | 
| Justine James                           | 1100                     | 
| Kirsty Corcoran                         | [phone]         | 
|                                         | 431                      | 
|                                         |                          | 
+-----------------------------------------+--------------------------+ 
 
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. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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