Those responsible for reinventing a company now known as XKO Group with a three-way merger earlier this year (CI No 3,586) insist the Hertfordshire, UK-based company is already showing signs of success. Only one month’s combined operations fell into the fiscal year through March 31. But to show how well the company would have done if the merger was created a year earlier, XKO has produced pro forma figures showing net profit up 34.7% to 1.9m pounds ($3m) on revenue 17% higher at 28.4m pounds ($45.1m).
XKO brought together two small ERP vendors, KSE and Xavier, who both specialized in wholesale distribution, with the aim of combining their product lines and cutting costs. There are a total of 500 customers and XKO is working on a next-generation product range offering the best features of both products. No indication of a Y2K slowdown are reported and the company is confident of growth in the current year. XKO also has a systems integration division servicing financial clients in the Channel Islands which is also showing signs of growth.
