Proactive Investors - Run By Investors For Investors

Netcall acquires Q-Max in £2.5 million deal

Netcall acquires Q-Max in £2.5 million deal

Software developer Netcall (AIM: NET) announced the acquisition of Q-Max Systems Limited, which provides workforce management software to contact centres looking to expand its customer base and addressable market, for £2.5 million in cash and shares.

Q-Max, which has over 100 customers, is expected to offer cross-reselling opportunities for the group and generate £1.3 million in revenues. The debt-free Q-Max reported pre-tax losses of £80,000 for full year 2008, having gross assets of about £413,000.

Its software will be integrated with Netcall’s existing product portfolio and also made available on its hosted platform to expand the product’s addressable market and enable delivery of SaaS (software as a service) solutions.

“The acquisition of Q-Max reflects the board's objective of achieving long-term profitable growth through complementing organic growth with acquisitions. We intend to continue to take advantage of opportunities resulting from industry consolidation should they arise, building further shareholder value,” said Netcall chief executive Henrik Bang.

The company said the £2.5 million will be “predominantly paid in cash with the remainder payable in ordinary shares,” but did not specify the exact amount which will be paid in cash.

Netcall improved 2.7% in early trade following the release of the update.

View full NET profile View Profile

Netcall plc Timeline

Newswire
November 26 2015

Related Articles

mobile payment
June 22 2018
MySQUAR wants to beef up the mobile payments side of its operations in anticipation of a surge in demand for those services in a country where only 20% of the adult population have a bank account
security
April 15 2019
Corero Network Security PLC specialises in cyber-security software
Cloud computing
January 02 2019
Annualised recurring revenues at the firm rose 3% to £54.8mln in the 12 months to the end of September 2018 compared to the year ago period
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use