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Acquisition and new products grow SystemC

Friday 29th January 2010
Courtesy: SystemC

In May last year SystemC won a major contract with NHS Connecting for Health to develop and install pilot clinical intelligence systems in over a dozen NHS Trusts. The complex contract involving development of over 450 dashboard metrics, integration of data feeds from more than 50 external systems. All projects were completed and deployed successfully by the end of November 2009 it has received extremely positive feedback from the clinicians and the Trusts.

The company which acquired social care software specialist Liquid Logic for £14.2m, and in October bought Scottish Glasgow based web developer Conscia Enterprise Systems said that as well as acquisitions, new products contributed to growth, with revenue growing to £18.3m in the six months to November, a rise of 34%.

Pre-tax profit for the period rose 49% to £2.8m. System C reported that sales of new products accounted for 48% of turnover, up from 24% a year ago.
In June, System C continued to derive the majority of its revenues from implementation of software supplied by other firms, as part of the national programme. Service revenues rose 22% to £9.6m.

CEO Ian Denley,(right) said "We have worked hard to develop the group on all fronts to ensure that we benefit from the current period of change in our market place.

"Indeed, our sales pipeline for both products and services looks very healthy and we are confident of reporting continuing growth through the second half of the year and beyond."

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