Technology
Idox plc
Analysts
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Company Description
Idox is a software business selling to UK public sector and global engineering clients. Idox has a strong position in software for Local Authority and other UK governmental organisations, including a significant presence in the market for voting software and in software for the NHS, through its Public Sector Software (PSS) division. The group is also active in the market for Engineering Information Management software (EIM), on a more global basis. The group is now transitioning to the third stage of its three-stage plan, involving both organic and inorganic revenue growth, focus on margin expansion and ongoing migration towards more Cloud-delivered and Software-as-a-Service (SaaS) offerings. In addition to revenue growth and margin enhancement, Idox sees organisational simplicity and information/communication as key pillars of its strategic framework.
Investment Summary
The group has been through a significant period of refocus and revitalisation over the past few years. The new management team has driven a process of material change, and has refined the focus and strategic outlook for the business; this has resulted in clear plans for the Government and Engineering segments, and the disposal of the previously-owned Compliance businesses. In the Government arena, we see more spending on technology to transform and improve public service delivery; this should provide opportunities for both organic growth and M&A activity to continue consolidating the space. In the Engineering market, we expect organisations to continue to evolve their offerings and digitalise both their information databases and their workflows, all of which should play to the Idox Engineering division's strengths.
Recent Content
Trading well, with no signs of turbulence
23/03/2023 Idox plc
Today’s AGM trading update, covering the period from 1 November to date, confirms that Idox continues to perform […]
Flying start to FY23
16/02/2023 Idox plc
Idox’s results for the year ended 31 October 2022, released on Thursday 26 January, showed a strong performance […]
Trading update shows strategy driving results
16/11/2022 Idox plc
Idox has today released a trading update for the year ended 31 October 2022. The statement reports a […]
Sharp eye for acquisitions
04/10/2022 Idox plc
The acquisition of LandHawk Software Services for £1.5m, announced yesterday, marks a continuation of Idox’s existing acquisition strategy, […]
Moving forward
16/06/2022 Idox plc
Idox’s half-year results for the six months ended 30 April 2022, released yesterday, contained no major surprises given […]
H1 update – robust, positive performance
19/05/2022 Idox plc
Today’s H1 trading update from Idox confirms that the first half of the year has seen a solid […]
Flying above the turbulence
16/03/2022 Idox plc
Today’s AGM trading update for the period 1 November 2021 to date confirms that Idox is trading in […]
Progress on all fronts
27/01/2022 Idox plc
Idox’s results for the year to 31 October 2021 were released this morning. The company has delivered three […]
On the flight path
16/11/2021 Idox plc
Idox has released a trading update for the year to October. The update confirms the continuing strong performance […]
GIS capabilities – and earnings – further enhanced
05/10/2021 Idox plc
Idox has announced the acquisition of exeGesIS Spatial Data Management Ltd, a UK based geospatial information services (GIS) […]
Company Management Team
David Meaden
Chief Executive Officer
David has a proven track record as a business leader and strong knowledge of the UK public sector. He joined Idox, following a successful 22-year career with Northgate Information Solutions plc, a FTSE 250 company. At Northgate, he served as a member of the plc board and was CEO of Northgate Public Services, where he grew the business fourfold. David has significant experience of managing business transformation, software development and integration of acquisitions. He has a degree in Business Studies from the University of Huddersfield.
Anoop Kang
Group Chief Financial Officer
Anoop has overall responsibility for leading the Group’s finance function as well as acting as an Executive Director and member of the plc board. As an experienced CFO, Anoop brings expertise of leading large finance teams, investor relations, M&A, corporate governance, risk management, treasury and financial accounting and analysis to Idox. He began his career at Deloitte LLP, before moving to Balfour Beatty plc in 2010. At Balfour Beatty, Anoop performed a number of senior roles, including Finance Director of the rail division and Head of Investor Relations, before becoming Group Financial Controller of Kier Group plc. Subsequently, Anoop was appointed as Group CFO of Cambian Group plc and then Logistics Development Group plc. He is a fellow of the Institute of Chartered Accountants of England and Wales.
