A specialist provider of software as a hosted service is keen to take advantage of the opportunities for “Software as a Service” (“SaaS”) businesses where visible recurring revenues are generated. The group develops software solutions focussing on three key areas:
- E-procurement software;
- Compliance software for the financial services industry; and
- Workflow software into PR and media industries.
It is keen to acquire a software service-based businesses which:
- Operate a SaaS model (or have a product capable of being developed into a SaaS model);
- Have products with a compliance focus;
- Are capable of further development.