Recruitment market software developer Dillistone Group (DSG:AIM) should report its fourth straight year of double-digit revenue growth when it unveils full-year 2013 results in April. The London-based £20.8 million cap could also return to the acquisition trail later this year after the successful integration of its last target, FCP Internet Holdings, purchased for £2 million in July last year.

One of Dillistone’s key ambitions is to act as a consolidator in this fragmented area, a strategy that will add extra value to a stable and reliable organic growth story. Dillistone supplies enterprise resource planning (ERP) software specific to the recruitment industry. Filefinder serves the headhunter market while its new Voyager Infinity module sells into the short-term staff placement market.

The growth opportunities are particularly pronounced outside the UK, where Dillistone typically earns less than half of its revenues. In the first six months of 2013 just 40% of its £3.8 million revenues came from overseas markets. A similar second-half pattern would imply a little over £3 million of the £8 million it is expected to report will have been earned outside Britain.

Overseas expansion, both organic and via acquisitions, should help underpin growth in revenues and the share price through 2014.