Tikit Share Discussion Threads

[orange1] 12/3/2008 19:36

Housebroker Charles Stanley expects adjusted EPS of 21.6p in 2008 and 24.7p in 2009 (2007: 18.0p).

[davidwilkin] 12/3/2008 12:53

Orange1 - have you nothing to say about the results - quiet day considering.

[davidwilkin] 12/3/2008 07:13

Good enough to go up ??

Read very quickly i couldnt see any negatives in FY Statement

[orange1] 28/2/2008 17:41

And this:

First, some background:

Microsoft SharePoint has emerged as the industry-standard framework for intranets, extranets and portals, and offers tight integration with many core Microsoft applications such as Active Directory, Exchange and Office. SharePoint provides web-based collaborative workspaces, personal sites for each user and cross-portal searching.

Now the buzz:

A the recent roundtable lunch for IT directors in London last week, it emerged that:


• It was clear that Enterprise Search was and is a key area of concern for many firms, will they continue in the future to store data in application specific silos with their own indexing and searching capabilities or will there be one Enterprise Search function for everything that enables users to find anything anywhere from their Sharepoint portal?

• Some IT directors felt quite strongly that Sharepoint is and will continue to enable them to reduce the number of bespoke and niche applications they need.

• From Microsoft's perspective Sharepoint is their number one business application in terms of sales, with over 100 million Sharepoint licenses, that's one in 20 MS licensed PCs in the world using Sharepoint!

• One prominent IT Director guaranteed that in 5 years there would be no DMS as we know it today instead this would all be done through and using Sharepoint. Neil Cameron Predicated that fairly soon any enterprise portal/intranet will be run with Sharepoint.

• The biggest issue for Sharepoint to be used as a DMS or any other document related application is version control which out of the box is totally unworkable for the Legal Sector, yes 3rd parties are starting to address this but right now it is a big issue for firms. A few have had to write something themselves to address this issue.

• Microsoft defined SharePoint as an Information Management Platform – it is a toolset with which a firm can create a multitude of applications.

• It was generally agreed that the vendors to have/are/will suffer from SharePoint are: 1) Portal vendors 2) Web Content Management solutions 3) Workflow solutions.

Source:

And Tikit's role in all of this?

As a Microsoft Gold Certified Partner, Tikit is "very well-placed to extend [...] portal-based solutions to take advantage of each new SharePoint evolution.

For more info on Tikit and Sharepoint, read this:

[orange1] 28/2/2008 17:28

Tikit named Interwoven Worldwide WorkSite Partner of the Year for the third year running

Tikit today announced that it has been named Interwoven Worldwide WorkSite Partner of the Year for the third consecutive year, following another successful year within the legal and accountancy industries for Tikit's content management team.

Interwoven WorkSite enables organisations to centralise all content associated with a project or matter – providing an easy to navigate and structured electronic filing environment firm-wide. This is further enhanced with Interwoven WorkSite Mobility and Interwoven OffSite, which extends these capabilities to mobile workers via the BlackBerry or a laptop for greater user productivity.

Highlights for 2007 for Tikit include winning large upgrade projects at existing clients, additional licenses sales and new business sales, including a global project at Interwoven customer, Ashurst and growth in Tikit's presence within the accountancy market with 3 new Interwoven WorkSite projects now underway.

Gareth Thomas, Sales Manager at Tikit, said: "Interwoven is now established firmly as the solution of choice within the legal and accountancy industries so it's a great validation for us to be named yet again as their Interwoven Worldwide WorkSite Partner of the Year. We have over 100 Interwoven WorkSite implementations under our belts so we really understand the technology and how it can be applied to the legal and accountancy markets – something that's helped us to maintain our position as the global market leader of the Interwoven WorkSite solution."

John Kenyon, Director, Worldwide PSIS Channels & Alliances, Interwoven, said: "Tikit has consistently delivered great sales results and has also been instrumental in providing innovative implementations of Interwoven WorkSite. The legal market is a highly specialised area and, by working with a partner like Tikit, we can access their expertise and market knowledge to deliver content management solutions specifically designed for the professional services market."

[orange1] 04/2/2008 19:17

The Legal Technology Oscars were handed out last week. Among the awards:

Technology innovation of the year:
Winner Tikit - Template Management System

Technology implementation of the year
Winner Recommind - Field Fisher Waterhouse
Highly Commended Tikit - Ashurst

Outstanding contribution to the legal market
Winner Thomson Elite
Highly Commended Tikit

And here's more about the award for Tikit's Template Management System:

The Legal Technology Awards, run by the group behind industry titles such as Legal Business, Legal Technology Journal and the Legal 500, recognise and celebrate excellence in the provision and implementation of technology solutions for the benefit of legal practice. By awarding Tikit's TMS the Technology Innovation award, the judges have recognised the product's ability to answer a long-held and significant legal IT issue – the creation and management of document templates.

Law firms rely on templates for a huge range of document types, from letters, memos and faxes to precedents and bills. To date, however, templates in Word have generally been built and managed ad-hoc, leaving IT departments with a legacy of bloated and inefficient code. Tikit TMS replaces this with a middleware system that takes code out of the templates and, through the Template Management Console, allows for the centralised creation, management and updating of templates on the fly.

Launched in late 2007, the success of TMS has been amply demonstrated through implementations at Tikit clients - Berwin Leighton Paisner, Denton Wilde Sapte, Hadef Al Dhahiri (Dubai), Rouse & Co, SJ Berwin LLP, TLT Solicitors and Travers Smith - in the UK, with the product launching in the United States market this week.

Nathan Lusher, Product Development Manager, Tikit, said: "This award is a validation of everything we've worked for in this product and is a testament to the TMS's functionality and architecture. TMS has already proven itself in a number of demanding client implementations and this award further demonstrates Tikit's know-how and innovation in the legal market, for what has been a very successful time for this product."

[orange1] 31/1/2008 19:22

Leading Dubai law firm selects Tikit for major systems overhaul (and we're talking major as Tikit is brought in for Electronic Filing, Client Relationship Management, Time Recording, Document Control and Template Management project at Hadef Al Dhahiri & Associates)


"Legal IT specialist Tikit (www.tikit.com) has been chosen by UAE law firm Hadef Al Dhahiri & Associates (www.hadalaw.com) to undertake a major overhaul of the company's information management systems, it was announced today. Under the deal, Tikit is implementing LexisNexis InterAction, Interwoven WorkSite electronic filing solution, Workshare Professional, Sage Carpe Diem time recording system and Tikit's own Template Management System (TMS).

The different aspects of the project will see a range of benefits for the firm:

· Using LexisNexis InterAction, the firm will be able to deliver a high level of service to its clients by allowing fee earners to access client information rapidly. InterAction will also be used by the marketing team at Hadef Al Dhahiri to develop a centralised marketing database.

· The Interwoven Worksite system will provide a new level of functionality for the management of documents and content including email enabling the business to adopt a matter-centric approach to electronic filing of documents and email communications.

· The industry leading Carpe Diem time recording system allows for enhanced timekeeping and therefore increased internal efficiencies.

· The Workshare Professional package enables advanced comparison, review and security functionality around Word and PDF documents.

· Tikit's TMS (Template Management System) will be used to develop and maintain a scalable library of robust and functionally rich document templates.

Tim Travers, Associate at Hadef Al Dhahiri commented, "Tikit brings an unparalleled level of experience and knowledge of the legal sector and its specific challenges. This sort of insight is massively valuable in a major IT deployment of this sort and brings real peace of mind as well as the knowledge that we're getting the best of breed solution to our needs."

Simon Elven, Head of Information Management at Tikit, said: "This is a major overhaul of some of Hadef Al Dhahiri's core business systems and, as such, is a major responsibility for us. As well as ensuring that they're getting the best technical solution, part of a project like this is in minimising the business disruption that's inevitable when you undertake a major technology roll out.

"By bringing together some of the most powerful and established names in legal IT, Hadef Al Dhahiri is building a robust and market-leading platform that will help them maintain their position as one of the UAE's leading law firms."

Nice to see Tikit's geographical spread/footprint extending to the Middle-East.

[orange1] 15/1/2008 07:40

Steady as she goes ....

Today's announcement:

Closed Period Trading Update

"Results in line with market expectations"


Tikit Group plc, a leading provider of consultancy, services and software solutions to major UK and European law firms and accountancy practices, today reported on trading for the year ended 31st December 2007,as it enters its close period and ahead of the announcement of its preliminary results in March 2008.

During 2007, the overall objectives for the group were to continue to achieve
good organic growth from our existing clients and to secure further share in the
markets in which we operate, targeting large UK and European law firms and UK
based accountancy firms. All of these objectives have been met and results for
the year will be in line with market expectations.

Tikit enters 2008 with a healthy backlog of implementation and support business
together with many opportunities to secure further major projects. The outlook
for the Group is encouraging and the Directors look forward to updating
shareholders on progress when the preliminary results are released in March
2008.

[orange1] 13/12/2007 20:16

Tikit launches anti-money laundering pod

Tikit has launched an Anti-Money Laundering (AML) pod to specifically help firms comply with the 3rd Money Laundering Directive - coming into force on the 15th December 2007. The Directive requires firms to make certain changes to their existing anti-money laundering controls. This includes having more stringent process around risk assessment, an appropriate client due diligence procedure and being able to have clear audit trails in place.

Tikit's AML pod helps firms achieve this through the implementation of an intuitive and easy to use 'wizard' based system. This system allows firms to quickly capture the relevant data for risk assessment and then calculate the appropriate identity evidence required for compliance with the new regulations. This new Tikit pod delivers a best practice approach in ensuring compliance with the new regulations and can be customised further to meet the specific demands of each firm.

The Anti-Money Laundering pod is a recent addition to Tikit's existing portfolio of process pods including Client Matter Inception, Conflicts Management and Matter Management - all of which seamlessly integrate with core systems such as PMS, CRM and DMS.

[orange1] 10/12/2007 19:54

A steady stream of little buys as from 11 this morning. A tip maybe? If so, who by?

[orange1] 03/12/2007 20:22

Tikit is experiencing significant US sales and is expanding its presence in the US.

Tikit has announced that it is increasing its presence in the U.S as part of a program to develop services for existing clients and to drive further sales in the market.

The move into the U.S comes as Tikit, one of Europe's largest independent legal IT specialists, is experiencing significant U.S sales for the Tikit eMarketing Solution. The Tikit eMarketing Solution integrates seamlessly with LexisNexis InterAction CRM system to deliver powerful, legal specific marketing and campaign management tools such as email marketing, newsletters, event invite management and compliance.

Over 70 major U.S firms have already adopted the Tikit eMarketing Solution package and a presence in the U.S will enable Tikit to offer enhanced service levels to this existing client base whilst also driving further sales in the U.S legal market.

Tikit's U.S program will be led by Theresa Sidwell who joins Tikit as U.S Legal Account Manager. Theresa has extensive experience with the legal industry. She was a founder of a major technology consulting and training group focused to the legal industry and has a detailed understanding of key legal applications.

"Tikit is a significant force in the legal IT market and the Tikit eMarketing Solution has already made inroads into the U.S marketplace. InterAction is a hugely popular package within the legal industry and the Tikit eMarketing Solution builds on its existing CRM functionality to deliver a set of powerful tools for the legal marketing professional. I look forward to working with Tikit and our clients to further develop Tikit's offering to the U.S market." Theresa Sidwell, U.S Legal Account Manager, Tikit.

David Lumsden, Managing Director, Tikit, said: "In addition to our U.S presence, Tikit also has offices in the UK, France and Spain, enabling us to meet the needs of global law firms. This is an exciting time for Tikit and we plan to further develop our product range to help clients increase the benefits from their investment in InterAction and WorkSite. We will also be launching new Tikit products such as the Tikit Template Management System which has powerful functionality for managing firm-wide templates."

[orange1] 17/10/2007 20:59

Metastorm announced today that its leadership in the UK Legal Industry has continued as law firms continue to standardise on Metastorm's Business Process Management Software Suite.

"LONDON, UK - Metastorm, a leading provider of Business Process
Management (BPM), Business Process Analysis (BPA), and Enterprise
Architecture (EA) software for aligning strategy with execution, today
announced its continued legal industry dominance in the UK. Over 170
law firms around the world are leveraging the Metastorm BPM software to
help maintain and acquire clients, maximise billable work, lower risk
and liability, achieve process consistency, and tie together silo
processes and systems.

"Metastorm is a solid company that has proven its commitment and
success in the legal industry. It also has wide business experience,
which was important to us when selecting a BPM vendor," stated Nathan
Hayes, Head of Infrastructure and Technology at Osborne Clarke.
"Metastorm BPM enables us to create more streamlined business processes
that improve efficiency and billable productivity. It also allows our
processes to flow continuously by feeding into our other key systems
and applications. We already have a list of over 25 processes to
automate."

The Metastorm BPM suite has proven to be the solution of choice for the
top law firms in the world, including Osborne Clarke, one of Europe's
most respected and dynamic law firms. Osborne Clarke selected Metastorm
earlier this year and is currently implementing Metastorm BPM as the
standard across the firm for automating the critical processes that run
its business.

Osborne Clarke is building automation that will be repeatable and
enforceable firm-wide. In addition, it will be extending the value of
Metastorm BPM with wireless connectivity to Blackberry handheld devices
to maximise the productivity of its fee earners while at the same time
ensuring timely response to critical matter reviews. Metastorm BPM will
also be tightly integrated with the firm's Thomson Elite practice
management system and Interwoven for document management.

Metastorm's accomplishments have been proven time and again in numerous
UK law firms, including Allen & Overy, Eversheds, Freshfields Bruckhaus
Deringer, Linklaters, Martineau Johnson, Pannone, Shoosmiths, and
Wragge & Co. New firms added to Metastorm's growing legal portfolio
this year include Addleshaws Goddard, Cameron McKenna, Osborne Clarke,
and SJ Berwin. Results reported by existing customers include improved
response times, better client relations, easier workload management,
uniform processes, lower costs, less risk, increased lawyer
productivity, faster time to revenue and centralised, reuse of existing
data, systems and technologies through seamless integration.

"Metastorm has maintained its leadership in the legal market as our BPM
technology is steadily in demand. We have already achieved successful
deployments around the world and are extremely proud of our customer's
accomplishments," stated Robin Martin, vice president of International
Operations for Metastorm. "It is these successes that validate our
ability to solve firm-wide BPM problems for legal organisations both
large and small. Metastorm is pleased to be the solution of choice for
so many firms and we look forward to many more successes."

And why is all this significant to Tikit shareholders? Because Tikit just happens to be Metastorm's "key partner" in the legal market.

[orange1] 19/9/2007 19:09

Meanwhile the Orangerag (no relation) suggests in its September issue that Tikit partner Interwoven has now created a killer app with the latest additions to the Worksite DMS suite, including its 'send & file' email management and 'universal search' facilities.

[orange1] 19/9/2007 19:05

Back in February 2006, Tikit announced a partnership with Redwood Analytics, the leading provider of applied business intelligence applications to the legal industry,whereby Tikit would resell and implement Redwood Analytics' business intelligence (BI) suite in Europe as part of its comprehensive range of legal specific software applications.

Redwood's legal industry track record - 25 percent of the U.S. AmLaw 200 and 4 out of the top 5 Canadian law firms rely on Redwood Analytics' BI applications to analyze, manage, and report upon firm performance, it was said at the time, coupled with Tikit's leadership role within the European IT services market, would provide European law firms with a proven and viable long term BI application set.

Today the fruitsof that partnership became apparant as it was revealed that Tikit had signed deals with leading law firms Charles Russell LLP and Wiggin LLP to implement Business Intelligence (BI) applications from Redwood Analytics. Under the deal, Tikit will work with both firms to put in place tailored BI packages that will enable them to generate valuable and actionable insight from their current business data.



Good stuff. No wonder the price responded accordingly.

[orange1] 14/9/2007 10:14

Turns out the purchaser yesterday of the 50k at 272.5p was the company itself.

[byrdsong] 14/9/2007 07:44

johnv

exactly!

[johnv] 13/9/2007 19:08

"Whilst business activity levels remain high and there are currently no indications that the current uncertainty in the financial and M&A markets is resulting in lower confidence levels amongst our clients, we will be somewhat more cautious about our expectations for 2008 and beyond with regards to organic growth opportunities and manage our cost base accordingly. Our experience is that any tightening of project spend by our clients will lead to greater managed services opportunities for Tikit.

I read the above as


So... business is high and for now no sign of a downturn( if there ever is one).... we will downplay our future expectations just in case and tighten our belts....if our clients do tighten their belts more work for us..

[orange1] 13/9/2007 18:02

There are indeed lots of positives for the medium to long term.

Charles Stanley estimates for 2007 are 19.3p earnings, rising to 22p in 2008 and this despite the change in revenue model.

The weakness today could well have been caused by that sale of 50k at 272p which appears to have found a home at 272.5p. If there are no more big lots of shares which have to be rehouse in a new home, I expect the price to rise again pretty quickly. A PE of 14 for 2007, dropping to 12.5 in 2008 for a company with this pedigree and prospects is too low. Don't rule out a takeover either.

[byrdsong] 13/9/2007 16:36

Yeah but there r positives even in this part of the statement. Stocks off 17% from highs with some support at 260 ish. We're in a bull mkt at the mo, current mkt uncertainties will evaporate soon enuff. They've shot themselves in the foot I agree, but this stock has every chance getting to new highs over the next 12 mths.

[orange1] 13/9/2007 16:35

Maybe no new ground for the time being but I would not be surprised if the fall below 300p on very low volumes were to be reversed.

[quickmind] 13/9/2007 16:14

excerpted fron H1 results:
"Whilst business activity levels remain high and there are currently no indications that the current uncertainty in the financial and M&A markets is resulting in lower confidence levels amongst our clients, we will be somewhat more cautious about our expectations for 2008 and beyond with regards to organic growth opportunities and manage our cost base accordingly. Our experience is that any tightening of project spend by our clients will lead to greater managed services opportunities for Tikit.

The board continues to search for suitable acquisition opportunities to complement its strong organic growth. The group has undertaken a number of successful acquisitions since its introduction to AIM in 2001 and whilst the board believes that current valuation expectations of potential acquisitions do not represent adequate levels of return, commensurate with risk, for existing Tikit shareholders, tougher markets may produce better value acquisition opportunities for the Group."

I wouldn't expect TIK to break new ground on the heels of such cautious outlook.

[davidwilkin] 13/9/2007 13:16

wheres the bottom ??