KRM22 (KRM)

Sector:

Investment Firms

 19.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 45.50
  • 52 Week Low: 18.67
  • Currency: UK Pounds
  • Shares Issued: 35.67m
  • Volume: 0
  • Market Cap: £6.78m

KRM22 buys Chicago-based Prime Analytics for up to $7.5m

By Michele Maatouk

Date: Tuesday 25 Sep 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed technology and software investment company KRM22 has announced the acquisition of Prime Analytics, a Chicago-based risk management technology company, for up to $7.5m.
The company also announced a placing of 3.28 million new ordinary shares at 101p each to raise around £3.32m to fund the upfront cash consideration of the deal.

The price comprises an initial consideration of $4.5m and a maximum additional deferred consideration of $3m, which is payable in two tranches of $1.5m and subject to earn-out conditions based on the financial performance of Prime Analytics for the years ended 31 December 2019 and 31 December 2020.

KRM22 said the acquisition is consistent with its strategy and investing policy and its objective to invest in technology and software businesses with a focus on risk management in the capital markets.

Prime Analytics provides real-time software solutions to professional derivatives traders, risk managers and the broader futures industry. Its customers include established proprietary traders, four of the world's largest futures commission merchants and commercial energy companies.

Keith Todd, executive chairman and chief executive officer of KRM22, said: "This acquisition is a further, strategic step toward the development of the new generation Global Risk Platform we are focused on developing. The addition of Prime Analytics to our existing operations will bring new software, new talent and a wealth of new tier one customers to the group.

"Where our acquisition of Irisium marked our first step into the domain of regulatory risk, Prime Analytics marks our entry into the domain of market risk. Within just five months of our IPO we will have a clear presence in two of the five key risk domains targeted for investment."



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KRM22 Market Data

Currency UK Pounds
Share Price 19.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 45.50
52 Week Low 18.67
Volume 0
Shares Issued 35.67m
Market Cap £6.78m

KRM22 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.98% below the market average26.98% below the market average26.98% below the market average26.98% below the market average26.98% below the market average
57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average
Price Trend
80.46% below the market average80.46% below the market average80.46% below the market average80.46% below the market average80.46% below the market average
95.2% below the sector average95.2% below the sector average95.2% below the sector average95.2% below the sector average95.2% below the sector average
Income Not Available
Growth
40.04% below the market average40.04% below the market average40.04% below the market average40.04% below the market average40.04% below the market average
31.58% below the sector average31.58% below the sector average31.58% below the sector average31.58% below the sector average31.58% below the sector average

KRM22 Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

KRM22 Key Personnel

CFO Kim Suter
CEO Dan Carter

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