Epic results for Huveaux

On March 6, Epic’s parent company Huveaux plc reported a 92% growth in turnover and a 74% rise in profits for 2005 - and affirmed its commitment to Epic’s long-term growth and development.

"As you can see, our performance during last year represented another significant step forward in the continuing development of the Huveaux Group" Chairman John Van Kuffler told city analysts on Monday. In 2005 the group:

• again doubled in size;
• delivered another set of record results; and
• successfully integrated the acquired businesses of Epic (the UK's leader in e-learning solutions) and JBB Santé (the leading medical magazine).

"From the outset," he continued, it has been our intention to extend Epic’s skill set and experience and expand its revenue base by altering the business model and building a portfolio of owned IP which can deliver an additional and recurring revenue stream over the longer term."

The strategy for Epic is to:

• Create a Huveaux-owned product portfolio combining Epic’s innovative e-learning techniques with our existing learning content. These products will be sold based on an annual user licence model. Our first chosen areas are Leadership, Compliance and Human Resources Legislation;
• Further develop the existing bespoke business model to increase the element of learning consulting and to combine, where opportunities exist, with our other learning offerings to give customers new and improved blended learning solutions;
• Develop further Epic’s powerful learning consultancy capability;
• Invest in the high quality web development capability at Epic which has been underexploited to date; and
• Develop, through internal joint ventures, electronic versions of our existing product where they offer customers an extra benefit.

Mr. Van Kuffler added "In Epic, we have acquired a high quality, highly-skilled business and workforce and we will leverage that strength to add value across a wider range of online services. The skill base there will also be crucial to us beyond e-learning in the development of all our online digital media products in the future. Epic has given us a new digital capability, confidence and ambition which we now intend to exploit across the entire Huveaux Group."