In September, Access Intelligence, the provider of SaaS solutions for corporate governance, risk and compliance warned that the full year outturn would fall short of market estimates, see “Access Intelligence misses a gear”. Today however, the company issued the briefest of statements that “sales and EBITDA will be in line with [the adjusted] market expectations” for the year that ended in November.
Access has been working hard to reduce costs and produce a modular and scalable Enterprise offering. However, in our series of predictions for 2014, we highlighted that SaaS providers will come under increasing scrutiny as regards their bottom line, see here. Access Intelligence is an interesting example and we will wait with interest for more news and for their results, which will be released in March.