This morning’s London Stock Exchange announcement by Coda of its financial results for the six months ending 30 June 2007 include some snippets about UK collaboration vendor Business Collaborator‘s financial performance in the same period.
Business Collaborator turnover was up 18% on 2006 to £1.381m, generating a £240k profit, marginally up on 2006’s £232k. According to the operational review:
“Approximately 85% of its business is now derived from recurring or more visible revenue streams such as maintenance, hosting and professional services; with the latter rising sharply in the period following contract awards by a number of major clients including Nationwide Building Society, Balfour Beatty and United Utilities. A new release of the core software (BC 5.1) in the period also created increased demand for training and implementation services.”
This is the second set of vendor results this month which has mentioned Nationwide. On 4 September, Styles & Wood’s StoreData claimed Nationwide as a new client (see StoreData results post). Presumably, Nationwide is using the two products for different purposes.
The review makes further reference to BC’s involvement with SEDEX (Supplier Ethical Data Exchange), but there is no indication of how much revenue is derived from this, as opposed to its core construction collaboration services.