http://www.vero-software.com/ http://www.vero-software.com//rss.php The latest group news and information from Vero Software Copyright: (C) Vero Software Vero Software Plc is listed on the AIM Stock Exchange. The following document is notification of the Preliminary results for the year ended 31 December 2007, click here to be redirected to the document file http://www.vero-software.com/group-news-detail.php?id=18 2008-04-03 http://www.vero-software.com/group-news-detail.php?id=18 Vero Software Plc, a leading supplier of CAD/CAM software, is pleased to announce that it has signed a statement of intent to the Beacon South West Skills Pledge. The Skills Pledge is a voluntary, public commitment by the leadership of the company to support all its employees to develop their basic skills, including literacy and numeracy, and work towards relevant, valuable qualifications to at least Level 2 (equivalent to 5 good GCSEs). The purpose is to ensure that all staff are skilled, competent and able to make a full contribution to the success of the company. Vero Chief Executive, Don Babbs with other business leaders On behalf of Vero Software, I as Chief Executive, make a commitment that we shall: Actively encourage and support our employees to gain the skills and qualifications that will support their future employability and meet the needs of our business/organisation. Actively encourage and support our employees to acquire basic literacy and numeracy skills, and with Government support work towards their first Level 2 qualification in an area that is relevant to our business/organisation. Demonstrably raise our employees’ skills and competencies to improve company/organisation performance through investing. Don Babbs http://www.vero-software.com/group-news-detail.php?id=17 2008-02-25 http://www.vero-software.com/group-news-detail.php?id=17 Vero Software Plc is listed on the AIM Stock Exchange. The following document is notification of major interest in shares, click here to be redirected to the document file http://www.vero-software.com/group-news-detail.php?id=16 2008-02-18 http://www.vero-software.com/group-news-detail.php?id=16 Vero Software (“Vero”) a leading supplier of CAD/CAM software to the mould and die sector today announces that it is launching a new business division as Vero Insight designed to address the Business Intelligence needs of the Manufacturing sector.The company believes that there is a new market in the provision of a graphically enabled Business Intelligence tool that can analyse and present unique insights into very large sets of data. To that end it has licensed the leading data mining solution Mineset from Silicon Graphics Inc. in California and further developed the system for specific market sectors.The first version will be made available immediately with an entry level “Personal Edition” becoming available in February. The enterprise versions will be made available around the world in conjunction with specific partners having individual local or sector knowledge. Mineset is already in use with British Petroleum, Chevron Texaco and Bell Canada.Don Babbs, Chief Executive of Vero says, “While Business Intelligence tools have become the norm for the financial and consumer markets the value within the ever increasing data belonging to the manufacturing industry has been largely overlooked. The formation of an experienced data mining team together with our source code applications based on the renowned Mineset engine will see the start of a process allowing manufacturing and industry users alike to unlock the benefits of their data collection systems.” http://www.vero-software.com/group-news-detail.php?id=14 2008-01-10 http://www.vero-software.com/group-news-detail.php?id=14 Vero Software Plc is listed on the AIM Stock Exchange. The following document is notification of major interest in shares, click here to be redirected to the document file http://www.vero-software.com/group-news-detail.php?id=15 2007-11-20 http://www.vero-software.com/group-news-detail.php?id=15 Chairman's statement(extracted from the Interim Report) I am pleased to announce further growth in both sales and profits for Vero Software during the six months to 30 June 2007. Financial results I am pleased to announce further growth in both sales and profits for Vero Software during the six months to 30 June 2007. Financial results Group revenue for the six month period increased by 10% to £5.9 million (2006: £5.3m), due in part to the acquisitions of last year. This increase was restrained by the weakening of the US Dollar and the Japanese Yen, and revenue growth at constant 2006 exchange rates would have been 15%. Approximately £0.5m of maintenance revenue has been deferred at 30 June 2007 and the majority of this should be recognised in the second half of the year. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by more than 50% to £0.61 million (2006: £0.40m), while pre-tax profits rose to £276,000 (2006: £197,000) after a charge of £137,000 for amortisation of intangible assets (2006: £73,000), an increase of 40%, continuing our prolonged upward profit trend. Selling costs have reduced slightly over the last year with general and administrative costs and development costs increasing by 13% and 32% respectively largely a result of the impact of the acquisitions made last year. Interest payable of £108,000 is higher than last year (2006: £49,000) mainly because of the bank loan used to finance the acquisition of Camtek towards the end of 2006. Tax includes a deferred tax charge of £131,000 (2006: £nil). Cash generated by operations for the six months was £0.88 million (2006: £1.1m). Net cash balances were £0.9 million at 30 June 2007 (31 December 2006: £0.3m). Net debt has reduced since the year end to £1.7m (31 December 2006: £2.3m). Markets All of the Company’s principal geographic markets remain buoyant with demand in Italy picking up from last year and strong performances in both Germany and France contributing to the growth. Our new marketing effort will bring greater brand recognition for both new and existing products and further demand is expected as a number of new web based initiatives become available. A number of first sales of the newer products in the USA, China, Germany, France and Italy have now been achieved and will provide a platform on which to build future growth. Integration of acquisitions The PEPS wire erosion and laser technology products acquired as part of the Camtek purchase last year have contributed to both turnover and profit. Development and integration of the acquisitions with other Vero Software products is well under way. Similarly the acquisition of Plastics and Computer has provided a leading edge product for the simulation of plastic flow within a mould and its integration with the range of plastic injection products provides a significant competitive advantage. Research and development efforts have been significantly increased over the period as new resources resulting from the Camtek acquisition and new recruitment abroad have been utilised. These resources have been applied to extending the integration between design, analysis and manufacturing while adding still further automating process knowledge to the niche applications. New developments The recent corporate identity change from VI to Vero Software Plc re-aligns the Group with all of its existing Vero subsidiaries and marks the start of a strenuous marketing campaign to promote the Group as a leader in CAD/CAM products for each individual mould sector. This more corporate guided approach will be duplicated within all of the principal Vero Software markets through local web pages and promotions. The recent acquisition of Atlanta-based Camtek North America provides further possibilities to expand sales of Camtek’s PEPS product in North America as well as expand sales of other products to the southern states. It completes the re-organisation of PEPS distribution which has seen the start of PEPS sales to new territories through Group subsidiaries as well as collaboration on some new development projects. Outlook Vero Software has made significant progress in the first six months of the year not only with the new product lines but also in sustaining on-going maintenance revenues through its provision of first class technical and software upgrades. The release of VISI Release 15 and PEPS 6.1 in the autumn will further enhance the benefits of Vero Software products to all its customers. The challenges of the shift towards Eastern manufacturing markets and volatility in the currency markets are likely to be more than offset by the returns from our new product ranges and the increase in software development and marketing activity. As it was last year, trading performance is expected to be weighted towards the second half of the year. We remain optimistic for the rest of 2007 and the year ahead. Stephen PalframanChairman http://www.vero-software.com/group-news-detail.php?id=11 2007-09-25 http://www.vero-software.com/group-news-detail.php?id=11 VI Group plc (AIM: VIG), a leading supplier of CAD/CAM software announces that at the Extraordinary General Meeting held today the special resolution changing the company name was duly passed. The company is now known as: Vero Software Plc. (AIM: VERO) The London Stock Exchange (AIM) code will change to VERO with effect from Monday 3rd September. For further information, please contact: Vero Software PlcDon Babbs, Chief ExecutiveJulie Randall, Finance DirectorTel: 01453 732 900Smithfield PRTania WildNeil BoomTel: 020 7404 4900Blue Oar SecuritiesMike CoeTel: 0117 933 0020 http://www.vero-software.com/group-news-detail.php?id=9 2007-08-31 http://www.vero-software.com/group-news-detail.php?id=9 VI Group Plc (AIM: VIG), a leading supplier of CAD/CAM software to the mould and die sector, announces that, conditional to shareholder approval, it will change its name to Vero Software Plc (AIM: VERO). VI Group Plc is the holding company for the group. Historically, nearly all of the company's business has been conducted under the 'Vero' name and the majority of the group's trading subsidiaries continue to have 'Vero' in their name. Most customers refer to the group and the company by the Vero name which was not readily available to the company at the time of its admission to AIM in 1998. The board considers that having a parent company with a different name is unhelpful and therefore in order to give a clear and consistent message in the company's commercial markets the Directors are recommending to shareholders that the company's name will be changed to Vero Software Plc. A resolution will be proposed as a special resolution at an Extraordinary General Meeting to be held on 31 August 2007 to change the name of the company to Vero Software Plc. The change of name will be effective once Companies House has issued a new certificate of incorporation on the change of name. This is expected to occur on or around 31 August 2007. Download PDF - Name Change CircularDownload PDF - Form of Proxy For further information, please contact: VI Group PlcDon Babbs, Chief ExecutiveJulie Randall, Finance DirectorTel: 01453 732 900Smithfield PRNeil BoomTel: 020 7360 4900 Blue Oar SecuritiesMike CoeTel: 0117 933 0020 http://www.vero-software.com/group-news-detail.php?id=10 2007-08-07 http://www.vero-software.com/group-news-detail.php?id=10 VI Group Plc, a leading supplier of CAD/CAM software to the mould and die sector, announces that information required by AIM Rule 26 (company information disclosure) is available on the Company's website: www.vero-software.com For further information, please contact: VI Group PlcDon Babbs, Chief ExecutiveJulie Randall, Finance DirectorTel: 01453 732 900Smithfield PRNeil BoomTel: 020 7360 9000Blue Oar Securities PlcMike CoeTel: 0117 933 0020 http://www.vero-software.com/group-news-detail.php?id=8 2007-07-17 http://www.vero-software.com/group-news-detail.php?id=8 VI Group plc (AIM: VIG), a leading supplier of CAD/CAM software to the mould and die sector, has acquired the assets of Camtek North America Inc. (“CNAI”) for £56,000. Camtek North America Inc. distributes and supports the products of Camtek Ltd, a software developer VI Group acquired in November 2006. It reported pre-tax profits of £29,000 on revenues of £391,000 in the 12 months to December 2006 from the distribution and support of Camtek’s PEPS branded software. PEPS is a suite of specialist engineering software with built-in CAD drawing tools for the design of geometrical models. It is used extensively in a number of production technologies including laser cutting, wire Electrical Discharge Machining (EDM) and Computer Numerically Controlled (CNC) turning and milling machines. Founded in 2004 by Alan Weeks to support the growing North American user base of Camtek’s PEPS CAD/CAM applications, CNAI has developed a strong focus on the complex Wire EDM machining market, and has established partnerships with some of North America’s largest machine tool suppliers. CNAI has also built an enviable user base which now includes such household names as Harley Davidson, GE Aircraft Engines, Hutchinson Technology, Smith & Wesson, Gillette, Xerox and Trumpf served from its offices in Atlanta, Chicago and Detroit. Don Babbs, Chief Executive of VI, says: “This acquisition boosts our presence in North America adding further distribution on the East Coast and the Mid West, as well as complementing our existing presence in the heart of the automotive sector in Michigan. Coming on the back of our acquisition of Camtek Ltd at the end of 2006, the CNAI acquisition gives us increased distribution in one of the world’s major markets as well as close working partnerships with some of the most advanced machine tools companies.” Alan Weeks, President of CNAI, comments: “We are very pleased to be a part of a company which shares our strong commitment to customer service. By joining VI Group, we can offer a broader range of products across a much wider number of market sectors.” http://www.vero-software.com/group-news-detail.php?id=12 2007-07-02 http://www.vero-software.com/group-news-detail.php?id=12 At the Company's Annual General Meeting held earlier today, all the resolutions were duly passed. We are pleased to report that current trading is in line with market expectations. Italy, which is responsible for over a third of Group revenues, is slightly ahead of budget in the first half. All other regional operations are performing to plan. The integration of Italian software company Plastics and Computer International Srl and UK software developers Camtek Ltd., both of which we acquired last year, continues to progress well, particularly the creation of a single UK sales and development team. We are also pleased to report a positive reaction from clients to the Camtek acquisition, who have welcomed VI Group’s greater presence in the Computer Aided Design production market. http://www.vero-software.com/group-news-detail.php?id=13 2007-06-13 http://www.vero-software.com/group-news-detail.php?id=13 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:VI Group Plc 2. Reason for the notification (please place an X inside the appropriate bracket/s):An acquisition or disposal of voting rights: ( )An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( )Other (please specify) : (X)Transparancy Directive - Transitional Provisions3. Full name of person(s) subject to the notification obligation:Noble VCT 4. Full name of shareholder(s) (if different from 3.):5. Date of the transaction (and date on which the threshold is crossed or reached if different):Transparancy Directive - Transitional Provisions 6. Date on which issuer notified:19 April 2007 7. Threshold(s) that is/are crossed or reached:3% 8. Notified details:A: Voting rights attached to shares Situation previous to the Triggering transaction Class/type of shares if possible using the ISIN CODE Number of sharesNumber of voting rightsGB00026782731,330,2331,330,233Resulting situation after the triggering transaction Class/type of shares if possible using the ISIN CODE Number of sharesNumber of voting rights%age of voting rightsDirectDirectIndirectDirectIndirect1,330,2331,330,233-3.57%-B: Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration DateExercise/Conversion Period/DateNum. voting rights that may be acquired if the instrument is exercised/converted%age of voting rights-----Total (A+B) Number of voting rights%age of voting rights1,330,2333.57%9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :Proxy Voting:10. Name of the proxy holder:11. Number of voting rights proxy holder will cease to hold:12. Date on which proxy holder will cease to hold voting rights:13. Additional information:14. Contact name:Charles McMicking15. Contact telephone number:0131 225 9677 http://www.vero-software.com/group-news-detail.php?id=1 2007-04-20 http://www.vero-software.com/group-news-detail.php?id=1 Consolidated income statementConsolidated balance sheetConsolidated cash flow statement Notes to the accounts extracted from Annual ReportConsolidated income statement For the year ended 31 December 2006 2006 2005 http://www.vero-software.com/group-news-detail.php?id=2 2007-04-03 http://www.vero-software.com/group-news-detail.php?id=2 Notification pursuant to Transparency Directive VI Group Plc announces that it was informed on 6 March 2007 that ISIS EP LLP has an indirect interest in 5,320,931 ordinary shares representing 14.28 per cent. of the Company's issued share capital. The shares are held as follows: ClientNumber of voting rights%age of voting rightsRegistered Name Baronsmead VCT22,325,5828.24Chase Nominees LimitedBaronsmead VCT1,600,0004.29Chase Nominees LimitedBaronsmead VCT31,395,3493.75Chase Nominees Limited Total5,320,93114.28 http://www.vero-software.com/group-news-detail.php?id=5 2007-03-07 http://www.vero-software.com/group-news-detail.php?id=5 VI Group Plc (the "Company") The Company was informed on 11th December that on 8th December 2006 Forvaltnings AB Bronsstadet (a company wholly owned by Peter Gyllenhammar) acquired 125,000 ordinary shares in the Company. Following this transaction, Mr Gyllenhammar has a beneficial interest in 7,468,722 shares representing 20% of the issued share capital of the Company. http://www.vero-software.com/group-news-detail.php?id=4 2006-12-12 http://www.vero-software.com/group-news-detail.php?id=4 VI Group Plc (the "Company") The Company was informed on 8th December that on 7th December 2006 Forvaltnings AB Bronsstadet and Union Discount Company, (both companies wholly owned by Peter Gyllenhammar) acquired 210,000 and 75,000 ordinary shares respectively in the Company. Following this transaction, Mr Gyllenhammar has a beneficial interest in 7,343,722 shares representing 19.7% of the issued share capital of the Company. http://www.vero-software.com/group-news-detail.php?id=6 2006-12-09 http://www.vero-software.com/group-news-detail.php?id=6 VI Group Plc (the "Company") The Company was informed yesterday that on 16 October 2006 Forvaltnings AB Bronsstadet, a company wholly owned by Peter Gyllenhammar acquired 3,758,140 ordinary shares at 9.125p per share in the Company. Following this transaction, Forvaltnings AB Bronsstadet now owns a total of 6,748,722 ordinary shares, representing 18.1% of the issued share capital of the Company. The Company was also informed yesterday that Pennine Downing AIM VCT 2 plc no longer has a notifiable interest in the Company. http://www.vero-software.com/group-news-detail.php?id=7 2006-10-16 http://www.vero-software.com/group-news-detail.php?id=7