This week the London-based group reported it has turned round 2002s pre-tax loss of 3m into a profit of 800,000 for the year ending 31 December 2003.
Turnover was up 300% at 20.9m and includes the first full-year contribution from ControlP, acquired in September 2002, and a six-week contribution from Access Plus, acquired in November 2003.
Chief executive Jason Cromack said that acquisitions of the size of Access Plus, which it bought for more than 40m in a reverse takeover, were unlikely.
However, he pointed out that the group had historically made acquisitions every September or October and that it would look at bolt-on offerings that improve and enhance our service to our customers. He also hinted that European activity was on the cards, which could take the form of strategic partnerships.
He refused to be drawn on specific plans but confirmed that any acquisitions activity was unlikely ahead of TripleArcs interim results in August.
The companys immediate focus was to pay down some of our borrowing in light of last years Access acquisition.
Print management is one of the most exciting and fastest growing sectors of the print industry, according to TripleArc, which estimates its worth at 1.2bn and growth rate as 15% a year.
TripleArc will be attending Drupa in conjunction with business partner Hewlett-Packard Print and Imaging Division. Together they will promote the edit2print and iPMS solutions integrated into ProductionFlow, which is the workflow for HPs Indigo digital presses.
Story by Ruth Nicholas
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