Access Intelligence plc

SaaS solutions for the PR and communications industries

Visit the Access Intelligence website
Status Current
Period Mar 15 – Current
Headquarters London, UK
Sources: Market cap LSE at 1 Sept 20, company financials H1 20 and FY19

Company
Access Intelligence delivers high quality SaaS solutions that address the fundamental business needs of it’s clients in the PR, marketing and communications industries. Through the development of its Vuelio platform supported by several strategic acquisitions Access has now become a market leader in its sector with a growing strength in North America.

Investment rationale

  • Low entry valuation, well supported by sum-of-parts analysis
  • Emerging software products addressing growth markets
  • Scalable SaaS platform with global reach
  • High margin and highly recurring software revenues
  • Quality and diverse B2B customer base

Kestrel involvement, actions and impact
After acquiring an initial stake in 2015, we built our holding through open market purchases as well as participating in primary issues by the Company to fund its acquisition and organic growth strategy. As at 1 September 2020, we held a c.27% interest in the Company.

Since we first invested, we encouraged management to dispose of non-core businesses and focus on the Company’s emerging core software activities. We subsequently supported increased development expenditure to enhance the core software offering.

We identified and recommended a relevant and experienced non-executive director and coach for the CEO. This person remains a valued member of the Access Board.

We have made several customer introductions over the years and closely monitor VC backed developments in the sector.