Instem has made the first acquisition post the fundraising in July. It is paying up to £8.5m to acquire The Edge Software Consultancy, which supplies study management and data collection solutions into the drug discovery market, an area highly complementary to Instem’s existing offering. As such, we see a number of opportunities to drive revenue synergies by leveraging Instem’s global infrastructure and sales & marketing capabilities. We upgrade our FY21 and FY22 EPS forecasts by 8% and 15% resp ....
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Accretive bolt-on in complementary market
- Published:
01 Mar 2021 -
Author:
Chris Glasper -
Pages:
3
Instem has made the first acquisition post the fundraising in July. It is paying up to £8.5m to acquire The Edge Software Consultancy, which supplies study management and data collection solutions into the drug discovery market, an area highly complementary to Instem’s existing offering. As such, we see a number of opportunities to drive revenue synergies by leveraging Instem’s global infrastructure and sales & marketing capabilities. We upgrade our FY21 and FY22 EPS forecasts by 8% and 15% resp ....