Press release

Altia-ABM Announces Business Expansion and Annual Results

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Altia-ABM, a UK-based group specialising in investigation and covert management software, today announced significant expansion of its global operations.

The group, which develops software used by law enforcement organisations, tax authorities and government agencies, posted annual results showing growth in revenue, profit and its customer base. Altia-ABM now has customers in 16 countries worldwide.

Altia-ABM has expanded its sales and support office in Melbourne, Australia, and its operations in Canada, Colombia and Peru.

John Boyle, chairman of Altia-ABM, 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.”

Ian Watson, CEO of the group, 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 that is totally reliable for day-to-day work and will stand up to scrutiny during court proceedings. We are forecasting continued sustained growth across the world during 2020 and beyond.

“We continue to invest in staff, knowledge growth and training, product enhancements, together with research and development. We are focused on meeting changing cloud-focused customer IT requirements at a time when there are increasingly complex challenges for investigations.”

Revenues for the year ending December 2019 increased by 17 % to £5.9m due to organic growth across the world. Group EBITDA increased by 92 % to £1.4m.

-ENDS-

Note to editors:

Altia-ABM

The Altia-ABM group, which is based in the UK with operations in Scotland, England, Canada and Australia is a global leader in the development and provision of innovative software to support financial and fraud investigations. Police forces, national and regional governments, tax authorities, forensic accountants and insolvency practitioners use and trust Altia-ABM technology and services.