The Management of Clear Objective has committed to endeavouring to provide Shareholders with regular updates on core company activities.
We are mindful of the constraints and obligations regarding disclosures by public companies, so, while we have tried to be as broad as possible, we have not released information of a financial nature, or information which is not generally available in the public domain.
We have avoided going into detail and sharing any potentially sensitive product or customer information.
Our aim, at this stage, is to provide these updates on an approximately 6 monthly basis – somewhat co-ordinated with the regulatory disclosures (Annual report etc).
Operations
- The business relocated at the end of September to a larger managed/shared office facility, but remaining in the Brisbane CBD to cater for growth in personnel and a more flexible working environment. This approach continues to deliver savings (when compared to traditional leased office arrangements) and, as all server infrastructure now resides in a managed data centre facility, allows us the flexibility to relocate at short notice with minimal disruption as our needs grow. The new provider has office facilities available for our use in all major capital cities. This will support any need for hosting meetings while travelling, and even recruiting employees in other locations.
Products
- Work has been completed on the architectural transition of Clear Enterprise to provide database independence (allowing us to migrate from our proprietary database to commercially available and accepted standards) and from a 32-bit to 64-bit architecture. This is a major milestone in the Product roadmap and will underpin the Clear Enterprise V4 series (FYI the V3 series was originally released in 2011).
- Work will now commence on some functional, User Interface and integration point enhancements for general release – target quarter ending June 2026
Activities/Plans – Highlights
- Having taken the necessary steps to reduce the Clear Objective cost base to a sustainable level while the investment in the V4 architecture was undertaken, AND with recruitment specifically focused on improving our solution delivery and customer engagement, Clear Objective can report strong growth in our Services business resulting in a positive result at the half year.
- With the coming release of V4 and the opportunity for clients to transition to the SQL database, Clear Objective is experiencing strong interest from customers in the new release series and this will present ongoing strengthening of our Services business along with an opportunity to expand our Services footprint into the management of the Clear Enterprise software.
- Customer response to the improved engagement model has been very strong with the majority of medium/larger customers demonstrating that commitment via the pre-purchase of allotments of Professional Services hours on a regular basis (40 – 100 hour allotments)
Personnel
- We are now seeking to recruit additional personnel immediately in the Customer Service/Solution Delivery area of the business. This will continue based on customer demand.
- We anticipate recruitment of Sales personnel in the June 26 / Sept 26 quarter
- We anticipate recruitment in the Product Development/Management area from the Sept 26 quarter.
Business Environment
- Market conditions remain relatively sluggish although we are experiencing strong demand and interest from customers in improving the way the software is utilised and improving business processes.
We hope this gives an insight into the various projects, priorities and activities of the business. We appreciate feedback and look forward to the prospect of you joining us at our Annual General Meeting in early 2026, following the release by Bentleys in January 2026 of the audited Financial Statements for lodgement and distribution.