Acquisitions helped increase Brady’s revenue by 47% last year. The energy, recycling and commodity trading software company signed a record number of contracts.
Revenue was £7.9m for the year to 31 December 2012. Brady bought metals software firm Systems Alternatives International (SAI) in November, which it said was trading ahead of management expectations after securing substantial new business.
Brady also acquired software firms Navita and Syseca over the period.
The company signed a total of 20 contracts in 2012 compared to 14 the previous year, according to a trading update. The value of contracts rose 75% over the period. Contract signings included new clients in South America, Africa, Asia and the USA and the company said average licence deal values rose by around 75% compared to 2011.
EBITDA excluding exceptional costs are expected to be around £5.2 million, 40% ahead of 2011.
The company also completed the reorganisation of its Brady Energy division with the appointment of Patrik Egervall as chief executive, and further strengthened the sales team.
Brady group chief executive Gavin Lavelle said: “I am pleased to show continued growth in new business wins despite the severe macroeconomic headwinds.
“Brady continues to execute on its plan of leadership in selected markets combined with strategic acquisitions to augment its client base, solution portfolio, geographic reach and domain knowledge.”