Idox has announced the acquisition of Tascomi, a provider of proprietary web-based software solutions to local authorities and Government departments in the UK and Ireland, for £7.15m in cash. The acquisition, which has been funded by a Placing to raise £7.4m gross, has compelling strategic and financial rationale as it provides an efficient way to enhance Idox’s technology platform, strengthens the company’s market position, enhances growth and margin, and will provide revenue and cost synergie ....
31 Jul 2019
Acquisition future-proofs market position
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Acquisition future-proofs market position
Idox plc (IDOX:LON) | 62.8 0 0.0% | Mkt Cap: 287.5m
- Published:
31 Jul 2019 -
Author:
N+1 Singer Team -
Pages:
3
Idox has announced the acquisition of Tascomi, a provider of proprietary web-based software solutions to local authorities and Government departments in the UK and Ireland, for £7.15m in cash. The acquisition, which has been funded by a Placing to raise £7.4m gross, has compelling strategic and financial rationale as it provides an efficient way to enhance Idox’s technology platform, strengthens the company’s market position, enhances growth and margin, and will provide revenue and cost synergie ....