7th Sep 2020 14:39
Drumz PLC - investment company focused on software sector - Makes its first technology investment in Acuity Risk Management Ltd, which operates an software business specialising in risk management. Acuity's business is the supply of its proprietary software, Stream, and services for cyber security and risk management. Drumz has invested GBP500,000 in cash for an initial 20% shareholding in Acuity, with an option to acquire an additional 5% for a further GBP125,000. For the 12 months to the end of March 2019, Acuity generated a pretax profit of GBP226,000 on revenue of GBP858,000.
Current stock price: 0.78 pence
Year-to-date change: down 22%
By Evelina Grecenko; [email protected]
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