Delivering Acquisitions - Access
Lyceum backed the Access management team in a £50m deal in 2011. Since then, we have helped the business complete 12 acquisitions to support its strategy of targeting organic and acquisitive growth.
Access provides business application tools, software and consultancy for finance, HR, payroll, business intelligence, supply chain and warehousing functions to companies across the UK. Customers include Marks & Spencer, the Bank of England and Birmingham Airport.
Our investment is helping Access to become a leading player in the high-growth but fragmented UK software sector by providing the finance for acquisitions which give it a competitive edge in a range of sub-sectors.
Acquisitions by Access completed since our investment include:
- Delta Software Limited, which provides warehouse management systems for the manufacturing, distribution and logistics sectors;
- Software-as-a-service (SaaS) firm Prelytis SAS and SaaS communications software provider Sazneo to strengthen Access’s offering across all customer segments;
- ThankQ, which offers fundraising and CRM software and has improved Access’s offering in the not-for-profit sector;
- TeamSeer and People Planner, supporting Access’s product set in the HR management segment; and
- Factory Master, which helps companies monitor and manage their manufacturing services.
These acquisitions have supported Access’s strategy, thereby transforming its position in the UK software sector.
In the year to the end of June 2013, sales at Access grew 32% to £43.4m, with EBITDA up 34% to £8.96m.
The increases in turnover and EBITDA were helped the by acquisitions and supported by organic growth at the company, which was up 13%.