Infonic Share Discussion Threads

[joestraughan] 16/1/2009 12:07

H101 - I've just seen that Evolution's Williams de Broe has acquired the assets of Singer & Friedlander (i'm slow on the case!) - it's a relief to get this holding sorted. Let's hope they can address the pac con ones soon.

[joestraughan] 16/1/2009 09:55

H101 - thanks - that sounds positive if another fund is willing to take them.

[h101] 16/1/2009 00:39

Joe - S&F may have reduced but it is simply a transfer not a sale:
The holding, which is registered in the name of Sinjul Nominees Ltd, has been transferred to Williams de Broe.

[ric_ola] 15/1/2009 14:55

And about IRIS...



IRIS Exchequer partners with document management specialist

Tuesday, 23 December 2008

IRIS has announced a strategic partnership agreement for IRIS Exchequer, the accounting and business solution, and Infonic plc, a global provider of document management software solutions.

The partnership between the two solution providers will help the 15,000 IRIS Exchequer users worldwide to automate document archiving throughout their organisations where high document volumes are seen as a growing challenge.

The integration of proven Infonic technology into the IRIS Exchequer business and finance system enables organisations to centralise and streamline their document management into one efficient, secure and universally available environment, dramatically improving user access and document security.

Paul Sparkes, Product Director of IRIS Accounting and Business Solutions commented: "Infonic's leading edge Document Manager software tightly integrates with IRIS Exchequer and is proven with growing numbers of customers already using this winning combination. Document management is a highly topical subject for our customers and is already providing many of them with an easy way to improve efficiency and reduce overheads.

"One of the key advantages with the Infonic solution is its web-enablement, this allows users to remotely access and retrieve documents when working away from the office. Having conducted a thorough review of the various document management providers, we have chosen to partner with Infonic due to its strong integration capability, its class leading functionality and scalability, the combination of these important factors fit very well with IRIS Exchequer product."

Mark Thompson, CEO of Infonic plc said: "Integrating the financial and document management software within any organisation delivers huge and immediate efficiency gains because it makes the source documents that support financial analysis and decision making, like purchase orders and emails, instantly and universally accessible to end users.We are delighted to be working with IRIS, the UK's largest privately owned software house and a brand that has a tremendous reputation in the mid-market accounting software sector."

[ric_ola] 15/1/2009 14:53

Some more re. Top Image



Infonic Document Management Selects Top Image Systems as Its Partner to Provide a Full End-To-End Solution

TEL AVIV, Israel, Jan. 12, 2009 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA) (TASE:TISA), a leading innovator of intelligent document recognition, today announced that Infonic Document Management Ltd has selected TIS as its technology partner to provide a full end-to-end solution.

Infonic provides document management solutions to clients in a wide range of sectors including logistics, professional services and finance. Infonic's document management technology enables the most complex workflows including delivery document management to be automated and centrally managed.

Tim Cowell, Technical Director of Infonic, said, "We conducted a full evaluation of the main companies and solutions available in the marketplace. We chose TIS because of their advanced and proven technology, together with the flexibility they offer. TIS's eFLOW is a scalable solution based on one platform that allows us to offer solutions from the entry level whilst retaining the opportunity to provide solutions at the enterprise level. With the eFLOW platform we can provide a range of applications from a simple scan and index solution, up to complex mailroom applications, as well as invoice processing with line items. In addition the ease of integration and customisation of eFLOW to our own products was a key benefit to us."

Oded Leiba, Managing Director, TIS UK commented, "We are very pleased to be partnering with Infonic; the synergy between the two companies is very strong. Infonic's document management software suite combined with the advanced technology of eFLOW enables clients with very distributed operations to centralise their document management into one efficient, secure and universally available environment whilst benefitting from web completion functionality, dramatically improving user access and document security. This will be a very strong partnership both for the UK market and globally."

[joestraughan] 15/1/2009 14:00

I see from ifnc's website that two new partnerships have been made for doc management, which both look interesting and should prove fruitful?

18 Dec 2008 - Iris - accounting software (lots of possibilities?)
12 Jan 2009 - Top Image Systems

Ifnc's share price has been flatlining for far too long!! I see that Singer & Friedlander have reduced - must need that cash back in Iceland !!

[h101] 13/1/2009 16:17

Thanks for the post broomsticks. I registered with the blog and left this comment:

It is interesting that companies should be looking at how they are perceived by customers, perhaps using social networking sites.

However, there is another set of interested parties in a company - the shareholder owners. I'm sure you will be well aware of bulletin boards that exist to discuss investment and companies. I contribute to a discussion group on www.advfn.com, devoted to Infonic. When the company was called Corpora, the CEO even contributed.

It has been mooted that Infonic might even cast its sentiment gathering software over such bulletin boards. Perhaps due to the tendency of such boards to be highly critical or overly enthusiastic about a company, I doubt much value would be gained by the company. In fact our CEO departed the board never to be seen again.

On a more positive note, as a long-standing Infonic shareholder, I think you have set an excellent example in communication. While I realise you are aiming at a different audience, I found the comments regarding what you are doing and where you feel things are going very reassuring.

Sadly I wish your partner Infonic shared that open viewpoint. Emails to their investor relations address and even to the CEO go unanswered.


Perhaps it will get pulled!

[broomsticks] 13/1/2009 16:15

It shows the difference in management styles between the two companies although how much of that is due to circumstances is difficult to say.

[joestraughan] 13/1/2009 13:37

Nice to see a positive post! I think lexalytics is ifnc's "banker card" in that they'll float it off eventually when the markets improve? Still, if 2008 shows near to break-even, there may be some light at the end of the tunnel?

[broomsticks] 13/1/2009 13:03

Found on the Lexalytics website in the 'Recent News' that The Buyer's Guide in KMWorld's Magazine has listed Lexalytics as one of 'The Companies to Watch in 2009.'






It would be appreciated if Infonic could recognise that,given the present economic situation, shareholders are concerned about company progress or lack of it as the case may be and a trading update could perhaps alleviate some of that concern It would at least, be something to focus on rather than having to speculate about what is happening at what, after all, is their company.
Perhaps Infonic could take a lead from Jeff Catlin at Lexalytics who writes an informative blog.

This excerpt is from late October 2008.

"Even in Uncertain Times: Text Analytics is doing well
October 28th, 2008
The economic meltdown across the globe is just about the only thing on everyones mind these days (certainly true of me). Given that the economy is the dominate focus at the moment, I thought it might be wise for me to take a moment and give a bit of "state of the business and industry" speech.
I'm actually quite suprised at how resiliant our business has been in the face of all the dire economic predictions. The Lexalytics sales funnel is about a big as its ever been at the moment, and I believe the same is true of our major competitors Clarabridge and Attensity (as we keep running up against them in sales situations). As a company, our new V4.0 release of Salience has helped us compete strongly in all of these deals (A post about Salience 4.0 tomorrow), and our now completed merger with Infonic should enhance our visibility in the marketplace. Not suprisingly, PR/Marketing and Financial Services are the 2 areas we're garnering the lions share of our leads, but we're also starting to reach into the area of customer feedback processing, where I fully expect to see even more of our competitors. I'd be lying if I said that I had lots of insight into how are competitors are doing, but given the activity in the space, I suspect that they are pretty busy as well.
This isn't to say that we're immune to the tough times out there, we're seeing a longer time from invoice to payment as our customers feel the pinch, but our little niche in the world seems to be doing better than most, and I'm optimistic that we'll continue to grow next year."

aimo,dyor

[egoi] 12/1/2009 13:18

As far as I can see the last t/s outside of results was 30/7/07. So unless you've heard anything Borsya, then as Joe suggests, not advisable to hold your breath imho.
And if there is one, let's hope it isn't around 16.29 today, or we will probably not need to read it to know what it is likely to say!

The hope must be they can achieve break even (or better!) without needing further funding. And that this PacCon mess gets sorted out sooner rather than seemingly n-e-e-e-v-e-e-r-r-r!!

[joestraughan] 12/1/2009 12:28

borsya - I don't think ifnc does trading updates for the full year results, only half-year ones in July. I think we have to wait until the end of March to see how 2008 went? They don't like communicating with shareholders - in fact, I'm sure we're last on their list of priorities!

[borsya] 11/1/2009 12:11

Shall we expect trading update tomorrow?

[joestraughan] 09/1/2009 14:09

From pac con thread - 8th January 2009:

The Financial Services Compensation Scheme has not yet declared Pacific Continental to be in default, although it is now more than 18 months since the company went into administration. As you know, we cannot progress your claim for compensation until Pacific Continental is declared in default.

We are in contact with the FSCS, but we have been given no reason for the delay. We do not doubt that Pacific Continental will be declared in default eventually, but the FSCS will not give us a definite indication of when this will be.

You will appreciate that our ability to put pressure on the FSCS is very limited. However, we would invite you to help us to help you by telephoning the FSCS yourself on 020 7892 7300, stating that you are concerned about the continuing delay in declaring Pacific Continental in default, and enquiring as to when this is going to happen. A substantial number of enquiries would increase the pressure on the FSCS to act quickly.


Yours Faithfully
LEELANES SOLICITORS LLP

[joestraughan] 09/1/2009 10:47

H101 - fair point - I guess some will be focusing on ifnc's results to see what they have achieved in 2008 and determining whether the text division/lexalytics are making progress - the results can't come soon enough! My guess is that if ifnc do well, they are vulnerable to a bid, and if they do poorly, they are even more vulnerable?!!

[h101] 09/1/2009 07:51

I've wondered this in the past rathkum and I think Autonomy will already have looked at us. Given no approach and the cheap as chips price, maybe they feel our technology doesn't offer them anything they need in the short term? Who knows longer term though.

Joe I don't see them caring about whether we make money. I think it is the technology that's important.

[joestraughan] 08/1/2009 15:04

I don't think they would unless they saw ifnc start achieving some decent revenue through the text division?

[rathkum] 08/1/2009 14:58

Any views on Autonomy taking a look at Infonic?

[joestraughan] 08/1/2009 12:43

broomsticks - good point - although it might be a way of raising cash and they could keep some ownership of it?

Good to see this tranche issued today is the final one! Although former Tokairo owners won't be too happy with the current share price!

[broomsticks] 07/1/2009 17:42

Joe,

Yes, we have no choice but to speculate because the pr leaves a lot to be desired.

If Infonic was to demerge Lexalytics then it would imo be throwing the baby out with the bathwater.

Lexalytics is now imo central to Infonic's progress in the field of text analytics.

[joestraughan] 07/1/2009 12:53

broomsticks - thanks. Lexalytics might have been valued at $21m but it is currently being valued at around $1.5 to 2m dollars at most, if we take it as say around one-third of ifnc's current valuation! If lexalytics held off raising capital, then it is obviously relying on the parent, ifnc, for cash! I take this as a positive in that ifnc might be generating some reasonable cash now? Still might be the possibility that ifnc may look to float this off or demerge it later - I guess this might be the way they hope to make some real money?

If only ifnc communicated more, then I could stop this idle speculation!

[broomsticks] 07/1/2009 10:40

joestraughan,

More confusion!

At the time of the merger Lexalytics Inc was looking to raise venture capital of $5m and I have a vague recollection of reading that the company was valued at $21m.

Like you I think that Geo-Replicator and Document Manager must be doing significantly better than the text analytics division but that should change as the semantic web grows.

Wait and see.
aimo,dyor

[joestraughan] 07/1/2009 10:06

Broomsticks - thanks for that - gives more to think about. If 9 months "text" revenue of £2.03 - annualised to £2.7m is 33% of total revenue, then total revenue would be around £8.1m - less than last year - I think the mix of business must have changed, as geo-replication and doc mgt must be doing significantly more judging from recent contracts - well I hope so! And they did hint at strong revenue growth - therefore I would expect over £10-12m?

Regarding the text business valuation of $40m - this is unreliable as we don't know lexalytics valuation - I think it was simply plucked out of the air - but we should have a better idea once the final results are released.

Currently, net worth (net asset valuation) of ifnc is £4.4m less any further impairment charges of intangibles, and current market cap is virtually the same! Unless the new combined group is now making profits or at least breaking-even, then I can't see much change to the current valuation of £4m?

rathkum - yes - that's the danger - if many pi's would take such a low price, then perhaps the institutions might be tempted to sell out also? Yes, directors have been slow to buy - but probably skint like the rest us us! We must be in a close period now - in that directors cannot make purchases?

Joe

[rathkum] 06/1/2009 19:37

Lack of director buying at current levels does not inpire any confidence in the company as far as I am concerned. Also the spread is another negative to a potential investors. Give me 3p and I'll take it.