Owner managed construction industry software player Causeway grew revenues 4.5% to £22.3m in calendar 2017, as further momentum and growth in its subscription transition was partly offset by reducing initial licence fees - the improved revenue mix fed into higher EBITDA margins (25.8%) and strong cash generation. We caught up with CFO Mark Howell who highlighted ambitions to double revenues in the next three years with the support of acquisitions and overseas wins, putting its hefty Guggenheim-led refinancing from last year to good use.
Company Brief
22 JUNE 2018
Causeway Technologies
Company Analysis
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Robert Warensjo
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PUBLICATION DATE: 22/6/18 |
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Company Brief | 22 JUNE 2018
Causeway lays ambition to double up
Owner managed construction industry software player Causeway grew revenues 4.5% to
22.3m in calendar 2017, as further momentum and growth in its subscription transition was
partly offset by reducing initial licence fees - the improved revenue mix fed into higher
EBITDA margins (25.8%) and strong cash generation. We caught up with CFO Mark Howell
who highlighted ambitions to double revenues in the next three years with the support of
acquisitions and overseas wins, putting its hefty Guggenheim-led refinancing from last year
to good use.
Company overview
Causeway provides enterprise software solutions to the construction and facilities management
industries throughout the design, build, operation and maintenance lifecycle. The company was
founded in 1999 and completed a number of acquisitions through the following decade in order to
add breadth to its offering. As a result, Causeway's product portfolio today is much wider than many
of its construction industry software peers, which typically focus on a particular niche. Causeway
employs around 200 people and has offices across the UK, Ireland and India. Causeway