ISV Patsystems has acquired the entire issued share capital
of London-based trading and risk management systems provider
Tamesis in a cash and future profit-related deal. The initial
cash payment was £61,901, with an earn out based on three
times the profit contribution of the acquired company before
tax, measured over a two-year period starting from the
Meanwhile, Pats also announced a trading profit of
£322,000 for the second quarter 2005. With underlying
turnover up 14% this year on the first half of last year, this
marks the first time the company has reported profit.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.