SOFTWARE business Access Intelligence has increased turnover and profit as a result of focusing its strategy on compliance-based software.

In its unaudited interim financial statements for the six Months to May 31, 2010, the business increased turnover from existing operations to £4.1 million, from £2.5 million in the same period in 2009, and recorded pre-tax profit of £470,000, up from £169,000 in 2009.

The company’s MS2M business, which provides training and competency software to comply with Food and Drugs Administration (FDA), Financial Services Authority (FSA) and Health and Safety Executive (HSE) regulated markets, is based in York.

Chairman Michael Jackson said while so far this year, the MS2M business has been focused on existing customer requirements for Royal Bank of Scotland and Aviva, he sees significant opportunities for the business, including the likelihood of individual mortgage brokers needing personal authorisation.

He said: “Our operating profits in the first half exceeded those of the full year last year and we have made two significant steps towards the alignment of our group activities with our strategy.”

He said that although public sector spending was tightening, the business was cautiously optimistic that it would be shielded because its services offer cost-saving opportunities, and businesses are obliged to comply with increasing regulation.

In March 2010, the business acquired Cobent, another provider of compliance training and e-learning management systems into regulated industries, for £5.2 million, which brought £500,000 of orders into the company in the first four months.