Company news

Covalent has published the 138 new National Indicators that have just been finalised by the Audit Commission following a consultation process. The exercise is done automatically for all Covalent customers as part of the annual support service. As soon as the remaining outstanding indicators are finalised by the Audit Commission Covalent will also add those to relevant customer sites

2007 represents our most successful year to date, with 30 new customers signing with Covalent bringing the total customer base to 98.

Within the councils market, Covalent is now the undisputed market leader with 77 customers of all sizes and types, compared to our nearest competitors 64 customers. Notable wins this year were Doncaster MBC, Middlesbrough, Hartlepool and Solihull. We secured a further 4 Scottish councils making Covalent the overwhelming choice and bringing our market share in that segment to over 35%. An interesting contract was also our first Australian customer, City of Salisbury in Adelaide. Covalent is also gathering momentum in other Public Sector markets, notably Housing Associations where we secured 5 new customers and the new NHS market.

There were four new releases of the Covalent CPM software suite that transform it into the leading solution in terms of functionality and usability. In addition to a host of new features and ongoing enhancements, we delivered the Web Publishing and Web Updates modules, Models to support self-assessments and GIS for mapping performance data geographically.

Covalent has won its first contract in Australia, with Salisbury City Council headquartered in Adelaide. This contract was won without ever meeting any Salisbury staff; demos were conducted over the Web and a number of teleconferences ironed out the details.

In January 2007 Covalent Software started the New Year with 3 new customers!

In the Local Government market North Wiltshire District Council and Doncaster Metropolitan Borough Council have both chosen Covalent CPM as their Corporate Performance and Risk Management software solution.

Covalent are also pleased to announce another Further Education College customer, with Otley College joining a customer base of nearly 80 Public Sector Organisations.

Doncaster MBC will be working with Covalent’s in-house developers to produce GIS mapping facilities within Covalent, further enhancing the software in line with the needs of Local Government. In addition to the core Covalent CPM product, North Wilts have purchased the new Models Module available, which provides customers with a simple way of undertaking self assessments in line with a number of public sector specific performance management frameworks, such as CPA, Harder Test.

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Covalent has completed its third successive year of growth, with revenues for 2006 up 50% on last year. The number of customers using Covalent climbed to over 70 public sector bodies, with a total of 8450 named users registered on the system across all customers.

Comments Peter McHugh, CEO “2006 continued the pattern set since we founded Covalent in 2003, of strong and continuous growth. The year was particularly notable for the number of successes we had in new markets within the public sector, notably FE Colleges, Housing Associations and Charities. Councils remain our core market, where we consolidated our market leader position with a series of new contracts”

Covalent has been nominated as the Somerset New Business of the Year 2006 by the Federation of Small Business

Covalent has now signed its 60th public sector customer with the recent contract at Alnwick DC.

TAUNTON, 21st July 2006 - Covalent Software today announced that Alnwick District Council has purchased its innovative, web-hosted Performance Management system. In addition to this, Covalent were pleased to welcome aboard their seventh Scottish Council customer earlier this month, bringing the total of local government customers to 60 organisations across the UK and Ireland. (more…)

Covalent Software wins ‘entrepreneur of the year’ in national business awards. Covalent was finalist in two other awards and is the only company in Devon, Cornwall or Somerset to win an award in the West Country and Wales region.

TAUNTON, 20th July 2006 - Peter McHugh, founder and CEO of Covalent Software, won the Entrepreneur of the Year award for the West Country and Wales region of the National Business Awards. The award was presented at the National Business Awards showcase reception in London on 13th July. Mr McHugh is now short listed for the overall National award, with the winner to be announced in November. The National Business Awards are acknowledged by The Chancellor of the Exchequer as the UK’s Business Oscars. (more…)