Artilium PLC Acquisition (8591O)
June 02 2015 - 2:00AM
UK Regulatory
TIDMARTA
RNS Number : 8591O
Artilium PLC
02 June 2015
Artilium plc
("Artilium" or the "Company")
Artilium strengthens its product offering with the acquisition
of SpeakUp Belgium bvba ("SpeakUp")
Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of
innovative telecommunication software and solutions, is pleased to
announce the acquisition, through its subsidiary United Telecom NV
("United Telecom"), of the entire issued share capital of SpeakUp,
a Belgian voice over internet protocol ("VoIP") telecom operator
(the "Acquisition"). Total consideration for the Acquisition is
GBP233,600 and is being satisfied as to GBP28,600 in cash, funded
from the Company's existing cash resources, and 3,416,666 ordinary
shares of 5 pence each at a price of 6 pence per share (the
"Consideration Shares").
SpeakUp is a VoIP telecom operator with a rapidly growing B2B
customer base. VoIP allows you to make free, or very low cost,
telephone calls over an IP data network (or internet) and is
growing strongly in the business market. The VoIP services offered
by SpeakUp allow customers to conduct very low cost phone calls and
offer a high level of flexibility to businesses through its
integrated cloud telephony (hosted PBX) solutions. SpeakUp is also
a Microsoft LYNC (now Skype for Business) certified trunk supplier
which is an attractive additional service to Microsoft users. In
addition, SpeakUp has a strong offering in fixed-mobile converged
PBX services.
SpeakUp is known for its high quality services and stable and
endurable infrastructure. In 2013 they won the Telecom Inspirience
award as the Best Telecom Unified Communication Project Solution in
Belgium.
The Acquisition of SpeakUp will provide the Company with a
competitive offering in a strong and growing segment of the market.
SpeakUp offers an attractive range of products and will give the
Company access to a market that has the potential to be expanded
internationally. In addition, the Acquisition will enable the
Company to add fixed-mobile PBX functionality which is relevant to
MVNO's (Mobile Virtual Network Operators) and is expected to create
new opportunities for its current and future customers. The
Acquisition will also provide United Telecom with a larger customer
base which, in turn, will enable it to upsell its current
products.
In the year ended 31 December 2014 SpeakUp generated unaudited
revenues of EUR200,332, operating profit of EUR13,616 and had net
assets of EUR20,588 as at that date.
Application has been made for the 3,416,666 new ordinary shares
in the Company to be admitted to trading on AIM and admission is
expected to take place on 5 June 2015. The new ordinary shares will
rank pari passu with the existing ordinary shares of the
Company.
Following admission the total number of issued Ordinary Shares
in the Company will be 233,616,561 Ordinary Shares. This figure may
be used by shareholders of the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or change to the interest in, the Company
under the FSA's Disclosure and Transparency Rules.
Bart Weijermars, Chief Executive Officer of Artilium said:
"With the acquisition of SpeakUp we are combining
next-generation technology with proven telecommunication solutions
to create exciting new products and services in the strongly
growing Business market. In this market Fixed-Mobile integration
and VoIP are key. These newly acquired capabilities will support
our ambition to empower telecom operators around the globe."
For further information please contact:
Artilium PLC: +32 (0)50230300
Bart Weijermars - Chief
Executive Officer
finnCap Ltd
Stuart Andrews/Scott Mathieson
Joanna Weaving (corporate
broking) +44 20 7220 0500
About Artilium
Artilium is a demonstrated leader in the development of next
generation communication technologies. Artilium's strategy focuses
on supporting its customers to successfully grow their business by
providing flexible, cost effective and innovative solutions.
Artilium's innovation-driven strategy empowers telecom operators
around the globe to face the tremendous challenges ahead. We
combine next-generation technology with traditional telecom
environments to create exciting new business opportunities for our
customers. This ensures that our customers are able to keep up with
rapidly evolving market demands while simultaneously growing their
businesses.
ARTA(R) is the real-time Authentication, Authorization and
Accounting (AAA) software that brings a full suite of new
functionalities to telecom Operators and virtual Operators. Thanks
to ARTA(R) value-added services portfolio, including for instance
AAA of voice, text and data services, VoIP, 3G and 4G compliance,
mobile payments and location-based services, our partners are more
than ready to meet future customer needs.
Today, multiple renowned national and international
telecommunication companies rely on Artilium to deliver voice, text
and data services to about 1.5 Million end users every day.
Artilium's "Pay-As-You-Grow" model allows us to scale our
solutions to the exact needs of our customers. As a latest
innovation, Artilium offers its product suite from the Cloud as a
PAAS (Platform As A Service), yielding ARTA's scalability,
flexibility and proven stability.
Artilium PLC is a publicly listed software company on the London
Stock Exchange (LSE/AIM: ARTA).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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