
Our strategic goals are clear. We want to become the vendor of choice for multi-channel product distribution projects for global retail banks. Through our years of experience in the financial services industry and recent achievements with HSBC, we have developed a unique service to assist the largest global banks with their multi-channel distribution and / or wealth management transformation programmes. The knowledge, expertise and technology capability behind focus:enterprise is unrivalled globally.
We also intend to increase our penetration of the wealth management market, both within the UK and Europe. The wealth management sector is undergoing significant change presenting lucrative opportunities. We are well positioned with our product and team to maximise these.
Further we aim to lead the market in ‘direct to consumer’ propositions. Through extensive market research and close client relationships, we are in a strong position to shape the thinking of the industry on how to deliver simple financial products direct to the consumer. This will strongly underpin the success of our focus:360° consumer product.
We intend to enter the mid market for distribution solutions through a Software as a Service ("SaaS") model to service organisations with fewer than 50 users. Finally over the next two to three years we intend to increase the level of our turnover arising from annually recurring licence and support revenues. focus:360° is designed to be sold on a per user per annum basis and is central to achievement of this objective.
We recognise in today’s market, Focus Solutions must develop greater scale. A central tenet of this strategy is to consider potential acquisitions which will strengthen our product and market coverage. We are already reaping the benefits of our acquisition of The Coaching Platform which has broadened the overall service offering we have for the financial services industry by providing training and competency capabilities.
Moving forward, our strategy will be based on extending our strong position of delivering multi-channel distribution solutions from life and pensions and mortgages into other associated verticals, thereby extending our product portfolio, expanding our client base and bringing added value to our customer base.
Richard Stevenson
Chief Executive