Media
Centre
Cobent
Master
List
PRESS INFORMATION ISSUED ON
BEHALF OF:
Cobent Group
The Guildhall, Chipping Norton, OX7 5NJ
Tel +44 (0)845 456 0630; Web
www.cobent.com
14th January 2008
Cobent uses strong results to rebut rumours
Cobent - the 'compliance' software vendor, specialising in the
manufacturing and life sciences sectors - has categorically denied
persistent rumours that the company will 'float' on the stock market
following the publication of its results for 2007, in January.
In 2007, Cobent - a leading solutions provider for e-learning, training
and compliance-led process management across the entire range of
international blue-chip companies, fast-growth start-ups, and public
sector organisations on both sides of the Atlantic - saw its revenue
increase by 50 per cent over the 2006 total. In addition, recurring
revenues rose substantially and profit margins increased significantly
on an annual turnover in excess of £1m.
Howard Sears, CEO of Cobent Group, commented: "It's true that Cobent's
results show a significant increase in performance and profits -
certainly more than 50 per cent up on the previous year's figures.
"This has occurred mainly because of increased interest by clients in
delivering business services such as learning in a regulated and
audited environment. This, in turn, has been fuelled by the growing
maturity of web-based technology and the desire to deliver against
business-critical learning needs in a way that can be shown to improve
employees' efficiency, profitability and bottom line performance while
supporting corporate governance and compliance requirements."
During the past 12 months, Cobent's products have been in use in life
sciences organisations including Centric Health Resources, a leading US
specialty pharmacy provider to individuals with rare, long-term
disorders - as well as Europe's leading specialist electrical retailing
group, Dixons Group International (DSGi), and Renaissance Capital, the
leading independent investment banking firm operating in Russia and the
Commonwealth of Independent States (CIS).
Tony Dillon, Cobent's CTO, explained: "Cobent's growth has come because
we are at the forefront of software design and development. Our
understanding of compliant industries
enables us to build any compliance-related application with a minimum
of fuss and maximum flexibility.,This not only offers our customers
sizeable cost advantages but also provides our customers with a solid
platform to grow their learning and compliance strategy."
"Increasingly, Cobent is becoming a global player in the compliance
software market," Sears added. "However, while it is undeniable that
Cobent's performance is proving attractive to those wanting to improve
their position in this market, the company has absolutely no plans
whatsoever at this time to become a public company and 'float' on the
stock exchange."
Ends
Notes for Editors
Cobent (
http://www.cobent.com )
Based in Oxfordshire, UK, Cobent provides solutions for e-learning,
training and compliance-led process management across the entire range
of international blue-chip companies, fast-growth start-ups, and public
sector organisations. Cobent enables its customers to achieve
regulatory compliance and learning management across the entire
organisation, empowering them to manage compliance governance quickly
and cost-effectively. Creating reports that are compliance-ready at the
outset, Cobent delivers the market's most reliable, flexible, and
compliant solution for distributing organisation-wide learning
management via the web. Cobent works with organisations in the life
sciences, government, financial services, education, retail and call
centre sectors.
Further information from:
Howard Sears, Cobent Group, +44 (0) 845 456 0630;
hsears@cobent.com
Bob Little, Bob Little Press &
PR, +44 (0)1727 860405/ + 44 (0) 7850 508201
