21 September 2014

smartFOCUS agrees £25.3m US bid

11/04/2011 Miles Nolan

Marketing software outfit smartFOCUS (STF) has accepted a £25.3 million cash offer, backed by leading technology investor Francisco Partners.

The firm making the offer is newly incorporated Emailvision Holdings, but this is the holding company of the Emailvision Group - a worldwide leader in on-demand software with over 3,000 clients worldwide. AIM quoted smartFOCUS has had a patchy record since joining the market in 2004, but is a global provider of email and multi-channel marketing.

It provides detailed analysis and customer insight and in the year to 31 December boosted sales 17 per cent to £13.9 million as pre-tax profits soared 78 per cent to £872,000. The 25p a share cash bid represents a 61.3 per cent premium to the closing price on Friday, and has already received acceptances from 51.7 per cent of shareholders.

Growth Company Investor suggested backing the shares at 19p last March, so the news today is a welcome outcome for shareholders. Prior to the bid house broker Arbuthnot was forecasting 2011 pre-tax profits of £1.09 million and EPS of 0.8p. The recommended offer represents an exit multiple of just over 31 times earnings. Accept.

Tags: AIM market, Arbuthnot Securities, Cash bid, Francisco Partners

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2014

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1,044 AIM-quoted companies. The full report is available to order for £365 + VAT. Click here for more info

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

The company is active in a number of gold projects in South America

Orosur looking solid 19/09/2014

South American gold producer Orosur Mining (AIM:OMI) reported a decline in production in its first-quarter results.

Tags: Gold

Petroceltic wins Egyptian award 19/09/2014

Oil explorer Petroceltic International (AIM:PCI) reported that it won a new licence for Egypt.

Tags: AIM oil and gas, Business in Africa

Avanti wins Kenyan deal 12/09/2014

Broadband-by-satellite operator Avanti Communications (AIM:AVN) has won a deal to provide its services in Kenya.

Tags: Business in Africa, Contract wins

Mariana pushing hard at Condor de Oro 12/09/2014

Latin American gold play Mariana Resources (AIM:MARL) has reported results from its drilling programme in Peru. 

Tags: Gold, Mining

Karelian finishes sampling programme 04/09/2014

Finnish miner Karelian Diamonds (AIM:KDR) has completed the sampling programme of three target regions.

Tags: Diamonds, Mining

Urban & Civic wins Cambridge plan 04/09/2014

Property developer Urban & Civic (LSE:UANC) has won a deal with the MoD to redevelop former RAF barracks.

Tags: Property

More News