«

»

Aug 31 2010

Print this Post

An update on iSite

Following last week’s post about iSite (the construction collaboration – sorry, make that property management – technology business formerly known as StoreData), I have been looking at the business’s recent financial performance – as revealed in the latest interim report (PDF) from parent company Styles & Wood, published last week.

In the six months to 30 June 2010, the business performed at a similar level to last year, generating revenues of £0.582m (compared to £0.589m in 2009 – see post), with the £0.105m profit (up £2k from £0.103m last year).

Twelve months ago I noted a trend across several of the UK collaboration vendors, showing a slow-down or even a reversal in fortunes due to the impact of the recession. The UK construction industry – or at least the retail-dominated sectors in which iSite competes – clearly hasn’t bounced back sufficiently to boost the business’s performance since last summer. Certainly, the talk I hear from vendors is one of continuing price pressure.

Permanent link to this article: http://extranetevolution.com/2010/08/an-update-on-isite/

2 pings

  1. iSite steady | Extranet Evolution

    […] business, iSite – formerly StoreData (post), but it seems not yet “S&W Intelligence” (post; perhaps the rebrand has been quietly […]

  2. Aconex (UK) Ltd – revenues down in 2009 | Extranet Evolution

    […] ← An update on iSite ICT 4 Construction conference, 28 October 2010 […]

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>