 |
|
IS unveils Chapter26 deal
An AIM-listed website designer and developer is to strengthen its offering by adding a content management systems specialist to its business.
IS Solutions, which also provides systems support services to the public and private sectors, has agreed to buy Surrey-based Chapter26.
The deal will cost IS more than £700,000 in cash and shares, which could rise to some £1.2 million if agreed financial targets are achieved by July next year.
IS managing director John Lythall said the acquisition will extend the company’s offering into the small business market. “The complementary client bases of the two operations should also lead to increased sales for the combined operation.”
Chapter26’s content management systems enable companies to create, manage, and archive the structured and unstructured business information, such as email and video.
In the past 12 months, Chapter26 generated an un-audited pre-tax profit of £112,000 from a £1.93 million turnover.
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
- Cardiff to establish venture fund Nov 28 2008
- Kay Technologies receives £1.8m windfall Nov 28 2008
- Dolphin buys Software Express Nov 27 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Ultra Electronics gains MidEast foothold Dec 01 2008
- Commoditrade takes control of AMCO Dec 01 2008
- Moto picks up Roadchef site Nov 28 2008
- Accessories 4 Technology's £4m boost Nov 28 2008
- Home Retail buys Alba and Bush trademarks Nov 27 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February