Innovation in gear for year

Innovation Group, which provides business process outsourcing and software to insurance, car and property industries, said it remains confident that it will meet company expectations for the financial year.

"Results to date show the strength of the group's strategy of operating with both a technology and services portfolio. Revenue growth, at constant currency and the ratio of EBITDA / cash generation is in line with the group's plan," it said in today's interim management statement.

Innovation, which recently acquired Claims Services Australia, said combined with its existing Australian business, it creates Australia's leading specialist outsourced claims management company.

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"The acquisition has been well received by both clients and staff and new opportunities for cross selling our BPO and Technology services are already very apparent," Innovation added.

Overall Innovation said it is pleased with overall progress and remains confident of meeting expectations for the financial year.