Glasgow software group Altia-ABM on global expansion drive as profits surge

Chairman John Boyle said he was very encouraged by the performance of the software group.Chairman John Boyle said he was very encouraged by the performance of the software group.
Chairman John Boyle said he was very encouraged by the performance of the software group. | Other 3rd Party
Altia-ABM, the Glasgow-based software group specialising in investigation and covert management software, has undertaken a major expansion of its global operations.

The group, which develops software used by law enforcement organisations, tax authorities and government agencies, has expanded its sales and support office in Melbourne, Australia, as well as its operations in Canada, Colombia and Peru.

Confirmation of the global growth came as the firm, chaired by John Boyle, posted annual results showing an increase in revenue, profit and its customer base.

Hide Ad
Hide Ad

Boyle said: “We are very encouraged by the performance of the group. Our solid financial growth has enabled us to develop our offering across the world.

“This has been particularly evident in Australia where we now have fully functional in-country operation and a subsidiary group company serving the needs of government and law enforcement agencies. We are acutely aware of the technological and logistical challenges facing organisations during the Covid-19 pandemic and, in particular, we are helping our customers around the world as they address these challenges and adapt to remote working.”

Revenues for the year ending December 2019 rose 17 per cent to £5.9 million thanks to organic growth across the operations. Group earnings before interest, tax, depreciation and amortisation (Ebitda) jumped 92 per cent to £1.4m.

Chief executive Ian Watson said: “Our financial performance improves year by year and this reflects the demand from national and regional police forces, government and other investigating authorities for robust investigation software. We are forecasting continued sustained growth across the world during 2020.”

A message from the Editor:

Hide Ad
Hide Ad

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

With the coronavirus lockdown having a major impact on many of our advertisers - and consequently the revenue we receive - we are more reliant than ever on you taking out a digital subscription.

Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. With a digital subscription, you can read more than 5 articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit https://www.scotsman.com/subscriptions now to sign up.

Our journalism costs money and we rely on advertising, print and digital revenues to help to support them. By supporting us, we are able to support you in providing trusted, fact-checked content for this website.

Frank O'Donnell

Editorial Director

Comments

 0 comments

Want to join the conversation? Please or to comment on this article.

Dare to be Honest
Follow us
©National World Publishing Ltd. All rights reserved.Cookie SettingsTerms and ConditionsPrivacy notice