Rosslyn Data Technologies PLC Acquisition (3685N)
September 24 2019 - 1:00AM
UK Regulatory
TIDMRDT
RNS Number : 3685N
Rosslyn Data Technologies PLC
24 September 2019
24 September 2019
Rosslyn Data Technologies plc
("Rosslyn" or the "Group")
Acquisition of Software Trade and Assets
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, is pleased to announce the acquisition of
the trade and software assets of Langdon Systems Limited
("Langdon") from its administrators.
The Langdon business specialises in bulk handling of supply
chain data with a strong position in Import and Export duty
management systems, providing import and export data reporting,
visualisation and data mining for both on-premise and cloud-based
solutions.
The business has a blue-chip client base of 60 clients similar
to that of Rosslyn but with little or no overlap. The acquisition
will provide continuity and security for many leading UK companies
that rely on Langdon's service.
Rosslyn has acquired the IP, software, assets, client list and
associated contracts alongside a range of domain names, for a
consideration of GBP48,750, to be funded by the Group's existing
cash resources.
Rosslyn Chief Executive Officer, Roger Bullen said;
"This acquisition will allow us to apply our master data
management, data mining, reporting and visualisation expertise to
another key element in the supply chain for a diverse client base.
We expect to migrate the software onto our platform to provide a
more efficient solution for the former Langdon client base. We also
hope to be able to leverage the client relationships to drive
Rosslyn RAPid revenues higher over time."
Further Financial Information
Langdon Systems Limited's profits after tax for the year ended
31 December 2018 were GBP27,497 although not all the assets and
liabilities of the Company form part of the transaction. Rosslyn
believes the value of the assets purchased is reflected by the
purchase price, given the sale has been effectuated from the formal
administration process.
+44(0)77 7162
3345
Rosslyn Data Technologies Roger Bullen, Chief Executive +44(0)20 7138
plc Officer 3203
+44(0)79 3054
7441
Ash Mehta, Chief Financial +44(0)20 7138
Officer 3203
Cenkos Securities,
Nominated Adviser, +44(0)20 7397
Broker Giles Balleny/Max Gould 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider
of a cloud-based big-data analytics platform. The company provides
analytical services by combining four key technologies: bulk data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers.
Further information can also be found on the Company's website
at: www.rosslyndatatech.com
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END
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