6pm, Vassallo look towards development of healthcare-IT provider

6pm Holdings has reported a positive turn in financial results, stating in a company announcement that in 2012 it will be overcoming the difficulties experienced during 2010 and 2011.

In 2011, 6pm undertook a 25% shareholding in healthcare-IT provider emCare360 together with the Vassallo Group. In addition to the investment, 6pm is also the lead software developer of this electronic and mobile health solution company which will be offering services in Malta and later on overseas.

In 2011, Compunet Operations Ltd - a 6pm subsidiary - focused its efforts to develop its corporate infrastructure and services business. This has resulted in a significant increase in revenue which is expected to reach the €1.5m mark for the 9-month period to December 2011. The company has re-invested significant funds in training and has employed specialist staff in order to keep expanding its foothold on the said corporate market both in Malta and in the UK.

Following the successful kick-off of the Macedonia operation, 6pm today operates in three countries with offices in Malta, London and Skopje.

While the core business is still the NHS Market in the UK, the Group has commenced with the delivery of the 'Low Margin High Volume' strategy which is focused on the development of Consumer Applications that will be taken to market by mid-2012. To support this strategy, 6pm is also heavily investing in social media as to ensure that through this medium the Group reaches new markets and new industries across the globe.