Idox

Idox enjoys a variety of revenue streams generated from a wide range of customers, such as the support it provides to the public sector to help improve the performance and reliability of public services, for example in managing elections for the Welsh government.

Most UK local authorities use one or more Idox product or service and what unites Idox’s clients is that they all operate in highly regulated industries, characterized by the need to improve productivity and service levels while still controlling costs.

Idox generates solid revenue growth, strong cash flow and high levels of recurring revenue. The company has grown both organically and by acquisition. The management team has made some very shrewd acquisitions in recent years, helping to drive the company forward and enhance shareholder returns. Demand for Idox’s services is strong and we expect this to remain the case.

Data security and cybersecurity are critical considerations for Idox, given its role in delivering digital solutions to public sector organisations and regulated industries. The company handles sensitive information across planning, licensing and electoral services, making it a potential target for cyber threats.

Idox provides management systems, including engineering document management and asset lifecycle solutions to controversial sectors such as oil and gas and mining, although Idox’s role is typically limited to information management and operational support, with a focus on energy efficiency and compliance.