Microgen acquires Infoscreen (Cyprus) Ltd
Microgen's financial systems business has acquired Infoscreen of Cyprus for €1.8m, its fourth deal in the trust and fund administration sector since December 2014.
African Eagle Resources
0.30p
14:39 11/02/15
9.09%
0.03p
Aptitude Software Group
336.00p
16:40 20/09/24
2.44%
8.00p
FTSE AIM All-Share
745.62
17:04 20/09/24
n/a
n/a
Mining
11,503.14
16:49 20/09/24
0.18%
20.17
Software & Computer Services
2,475.08
16:49 20/09/24
-1.59%
-40.11
Cyprus-based Infoscreen and its subsidiary booked revenue of €1.0m in the last calendar year and an operating profit of €0.1m. It has additional offices in Hong Kong and Belgrade.
“The Financial Systems business continues to progress a number of other add-on acquisition opportunities within the wealth management sector,” Microgen, which also has an Aptitude Software business, said in a statement.