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accesso sees strong start to 2018 with move into US and new contracts

The AIM-listed ticketing and queuing software provider said the signing of a “significant” contract with Henry Ford Health System in March 2018 marked a bold new step

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The company confirmed that its expectations for the coming year remained unchanged

accesso Technology Group PLC (LON:ACSO) has seen a strong start to 2018 with several new agreements and a move into US markets, according to a statement to be made at its annual general meeting later today.

The AIM-listed ticketing and queuing software provider said the signing of a “significant” contract with Henry Ford Health System in March 2018 marked a bold new step and reflected the ability to radically improve the digital guest journey irrespective of end-market or industry vertical.

READ: accesso agrees to pay around £7.2mln earn-out consideration for March 2017 acquisition of Ingresso

The firm also announced a five-year extension to its existing agreement with the Cedar Fair Entertainment Company, one of the world’s largest regional amusement resort operators, to provide the Accesso Passport ecommerce solution across all of its properties.

accesso also said it was continuing to expand beyond traditional markets, with the expansion of its Ingresso system into the US, which it said had significant potential and would allow new and existing accesso clients to connect to an ever-expanding network of distribution channels.

The firms’ ShoWare arm also signed an agreement with the 2018 Special Olympics USA Games for ticketing at its opening ceremony and had also formed a partnership with Marriott International's Gaylord Hotels to provide its fully integrated ticketing platform to the hotel chains’ events.

The company also confirmed that its expectations for the coming year remained unchanged.

In lunchtime trading Tuesday, accesso shares were up 1.7% at 2,360p.

-- Adds share price --

Quick facts: Accesso Technology Group PLC

Price: 485 GBX

LSE:ACSO
Market: LSE
Market Cap: £134.07 m
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Accesso Technology Group sees 'enormous' opportunities for growth in 2018

Tom Burnet, chairman of accesso Technology Group PLC (LON:ACSO), tells Proactive's Andrew Scott they enjoyed a strong year and remain confident on the outlook for 2018. Revenues for the 12 months ended December 31 grew just over 30% to US$133.4mln, while underlying earnings (EBITDA) were...

on 29/3/18

2 min read