FIFE-based specialist technology consultancy, Cooper Software, has reported a 22 per cent increase in revenue for year ending 31 March 2016, rising to c£4m.
The increase has been driven by key business wins in the second half of the year which has seen the company undertake projects for clients across multiple sectors including; manufacturing and engineering, high tech, oil and gas and CPG, both in the UK and in Europe.
Since its formation in 2005, Cooper Software has recorded double-digit growth, year on year, to become one of Europe’s largest independent providers of products, consulting and support for enterprise software and business intelligence solutions.
The company counts Butcher’s Pet Care, BAE Systems, Harland & Wolff, BMW, Farrow & Ball, Whitworths, GEA Pharma, Wärtsilä and Olympus amongst its clients.
Cooper Software has delivered over 700 enterprise and BI solutions for over 200 clients all over the world.
The growth in revenue for 2016 has been driven across all business lines, through the successful development of strategic partnerships with a number of enterprise resource planning (ERP) and business intelligence (BI) solution providers.
In addition, the business has continued to develop their own bespoke complementary products and solutions, helping clients to bridge functionality gaps and gain more from their ERP and BI investment.
Managing director, Frank Cooper, noted: “Delivering ERP and BI solutions continue to be a profitable source of income for us with large-scale implementation projects contributing significantly to our revenues in the second half of the year.
“This comes as a direct result of our strategy last year to widen our software partner portfolio and strengthen our platform expertise.
“Our success in winning and successfully implementing NetSuite projects in particular has resulted in the company being awarded a NetSuite 2-Star partner status, which is an excellent achievement in only the first year of our partnership.”
Mr Cooper continued: “Furthermore, we have refined our offering over the last twelve months to meet the needs of specific sector requirements and their particular market issues.
“We are currently reinforcing our position as one of the largest ERP and BI providers in the UK across multiple sectors and once we become involved in a specific sector, we quickly become the largest solution provider in the field we operate.
“We manage our whole team across all platforms and sectors and this ensures we can upsell our products and services to all our clients, whether they are a large blue-chip company or an SME. This in turn, has helped increase our project win rate.”
Looking ahead, Mr Cooper expects revenues to continue to grow over the coming year.
The company will work to nurture and develop their existing partnerships with IFS, Qlik and NetSuite to increase sales channels which will lead to further growth in the team of consultants and technical specialists throughout the UK, while keeping an eye out for further new and exciting complimentary partnerships and opportunities.
They are also strengthening their 24/7 remote service desk that supports UK, European and global clients, some as far afield as Sri Lanka.
“Facilitating strong revenue growth is a part of our strategy and future success. We are continuing to invest in R&D to develop our product portfolio to take advantage of emerging technologies such as cloud, mobile and big data.
“Furthermore, we are working with our existing product partners to extend our sales lines. For instance, we are currently developing a number of new applications for NetSuite which will widen our service offering and give us an edge over our competitors.
“We also continue to work closely with all our clients resulting in strong recurring revenues generated from licensing, products and 24/7 service support desk.”
The company will continue to invest in staff at its head office and will look to grow its headcount over the coming 12 months.
Mr Cooper commented: “Our staff are at the heart of everything we do and as such, we put real emphasis on company-wide inclusion.
“All staff are encouraged to engage in continued personal development and we promote peer to peer learning. In addition, we take our local community responsibilities seriously, sponsoring a number of local groups which our staff participate in out of hours.”
To coincide with the end of financial year results, Cooper Software was also recently announced as winners of ‘Best Performing Company’ category at the Fife Business Awards.
The company was presented with the award after demonstrating how it has successfully developed in terms of turnover, employment, innovative marketing and communications.
ENDS
About Cooper Software
Cooper Software is a leading technology consultancy delivering successful and innovative business change to its clients.
As a systems integration specialist Cooper Software focuses on making its clients’ business systems work harder for them. Whether that’s fitting an ERP system to meet unique business processes, enhancing systems with bespoke applications, or providing round the clock support using specifically developed skills, tools and utilities, Cooper Software has the breadth and depth of technical knowledge to make it work.
Cooper Software is an IFS Business Partner, and a Qlik and NetSuite Solution Provider and since being founded in 2005, it has grown to become Europe’s largest independent provider of products, consulting services and support for ERP and Business Discovery Solutions.
Cooper Software has delivered over 700 enterprise and BI solutions for over 200 clients all over the world.
Cooper Software is headquartered in Dalgety Bay in Fife, Scotland.
For more information, please visit www.coopersoftware.co.uk.
About IFS
IFS™ is a globally recognised leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM).
IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,800 employees.
IFS supports more than one million users worldwide from its network of local offices and through a growing ecosystem of partners.
For more information, visit www.ifsworld.com
About NetSuite
Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud.
Since its inception in 1998, NetSuite Inc. has established itself as the leading provider of enterprise-class cloud financials/ERP, CRM and omnichannel software suites for mid-sized organisations, large enterprises and divisions of large enterprise seeking to update their antiquated client/server ERP and other systems.
NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
For more information about NetSuite, please visit www.netsuite.co.uk
About Qlik
Qlik (NASDAQ: QLIK) is a leader in visual analytics. Its portfolio of products meets customers’ growing needs from reporting and self-service visual analysis to guided, embedded and custom analytics.
Approximately 38,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas.
Headquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1700 partners covering more than 100 countries.
For further information about Qlik, please visit www.qlik.com/uk
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Cooper Software contact details…
Contact: Cooper Software
Phone: 07540636830
Email: claire.paterson@coopersoftware.co.uk
Website: http://www.coopersoftware.co.uk
