Franchise Brands PLC (AIM:FRAN) (Franchise Brands PLC (AIM:FRAN)) chairman Stephen Hemsley joins Proactive London to talk about acquiring the maker of the franchise management software it currently uses for a ‘net’ £825,000 .
This deal is expected to be earnings enhancing in the first full year. He says given the ever-increasing importance of technology to the Group the acquisition of Azura has a strong strategic and commercial rationale in that it consolidates and secures their software development and key IP.