IDOX Idox Plc

 

TIDMIDOX 
 
RNS Number : 0177R 
IDOX PLC 
23 April 2009 
 

23 April 2009 
 
 
IDOX plc 
 
Acquisition of J4B Software & Publishing for GBP0.8 million cash 
 
IDOX plc (AIM:IDOX, the "Company"), has agreed to acquire the entire issued 
share capital of J4B Software and Publishing Limited ("J4B"), a provider of 
web-based content principally to local authorities, for a cash consideration of 
GBP0.8 million funded from existing resources.  J4B has a cash balance of 
GBP0.2m. 
 
Highlights 
 
  *  J4B, previously a part of J4B plc, a PlusMarkets listed company, provides 
  value-added databases of government and EU funding information via easily 
  accessible web sites. J4B has its main operations in the UK and the Netherlands. 
 
  *  The acquisition is in line with IDOX's strategy of providing software, solutions 
  and services to government and related organisations. The acquisition will 
  enhance the capabilities of the existing IDOX Information Service ("IIS") which 
  has been part of the IDOX group since 2002 and which provides subscription-based 
  content to complement the company's core software business. 
 
  *  J4B had revenues of GBP2.0m for the year ended 31 December 2008, an operating 
  profit of GBP0.3m and net assets of GBP0.2 million at 31 March 2009. 
 
  *  Jeremy Philips, a shareholder and Managing Director of J4B, will join the 
  executive team of IDOX, bringing his experience in electronic content 
  management, database design and publishing. 
 
 
Martin Brooks, IDOX Chairman, said: 
 
"J4B is an attractive earnings-enhancing acquisition for us that reinforces our 
supporting content business, thereby strengthening our wider capabilities in the 
local authority and related markets." 
 
 
 
  For further information, call: 
 
+------------------------------------------+--------------------+ 
| IDOX plc                                 |                    | 
+------------------------------------------+--------------------+ 
| Martin Brooks, Chairman                  | 020 7332 6000      | 
+------------------------------------------+--------------------+ 
| Richard Kellett-Clarke, CEO              |                    | 
| William Edmondson, CFO                   |                    | 
|                                          |                    | 
+------------------------------------------+--------------------+ 
| Noble & Company Limited                  |                    | 
+------------------------------------------+--------------------+ 
| John Llewellyn-Lloyd                     | 020 7763 2200      | 
| Sam Reynolds                             |                    | 
+------------------------------------------+--------------------+ 
| College Hill                             | 020 7457 2020      | 
| Adrian Duffield                          |                    | 
| Carl Franklin                            |                    | 
+------------------------------------------+--------------------+ 
 
 
 
 
Notes for Editors 
 
IDOX plc 
 
IDOX plc is a supplier of software solutions and services principally to the UK 
public sector and the leading applications provider to local government for core 
functions relating to land, people and property through its UNI-form and IDOX 
product range. Some 70% of UK local authorities are customers. 
 
The Company gives public-sector organisations the tools to manage information 
and knowledge, documents and content, business processes and workflow as well as 
connecting directly with the citizen via the web. 
 
It also supplies decision support content and additional specialist services via 
the IDOX Information Service. 
 
Under the TFPL brand the company is transforming approaches to knowledge and 
content management via consultancy and training, as well as providing these 
specialist skills to customers through its recruitment division. 
 
J4B Software & Publishing Limited (J4B) 
 
J4B is a UK based supplier of software, database and WEB portal services to 
local authorities, Government bodies, universities and the NGO community. J4B 
collects grant information, codifies and presents this information on behalf of 
organisations to potential applicants and as a research base for consultancies 
and third parties and is acknowledged as being a leading supplier of such 
services. 
 
 
 
For more information see www.idoxplc.com and www.J4B.com 
 
END 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQEAKLAASDNEFE 
 

Idox (LSE:IDOX)
Historical Stock Chart
From Jul 2024 to Aug 2024

Idox (LSE:IDOX)
Historical Stock Chart
From Aug 2023 to Aug 2024