Float to value Royalblue at pounds 40m
Tuesday 20 May 1997
The two partners between them hold about 40 per cent of the company, the management a further 25 per cent, and venture capital backers Advent has 20 per cent and 3i has15 per cent. The flotation is expected to value the company at around pounds 40m.
The shareholders will each sell around 20 per cent of their shares by way of a placing, and the group will raise pounds 10m in new money. The company was originally Intercom data Systems before being renamed last year.
The float is intended to raise the company's profile, and finance future business ventures. Hoare Govett is the financial adviser, sponsor and broker to the company. The company's turnover has grown by 50 per cent and profits by184 per cent compound over the last three years. Profits reached pounds 2.02m in 1996, on turnover of pounds 11.68m.
Royalblue employs about 160 staff, based in Woking with offices in London and New York. It has 450 customers. the largest of which accounted for 8 per cent of revenues over the last three years. The company is a market leader in supplying software products and services to three distinct and fast-growing markets according to the pathfinder prospectus published yesterday.
Its products include fidessa, a trading support system for dealers in international markets, HelpDesk which produces software for IT help desks and customer support systems and Rostrvm, a computer telephony integration system.
Exclusive: World’s most pristine waters are polluted by US Navy human waste
Missing Malaysia Airlines Flight MH370: Any terrorist seizure of the plane ‘would have required one hell of a piece of planning’
Croatia's second city to close 'worst zoo in the world' after reports of 'nightmare' conditions and 'depressed' animals
Missing Malaysia Airlines Flight MH370: Hijackers, pirates or suicide – the theories surrounding the mystery
Missing Malaysia Airlines Flight MH370 Q&A by Simon Calder: How far could it have travelled? Who was responsible and what would their plans be? And how can a plane just vanish?
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
Europeans have ‘got whiter’ due to natural selection in past 5,000 years, scientists say
Fracking is turning the US into a bigger oil producer than Saudi Arabia
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Exclusive: World’s most pristine waters are polluted by US Navy human waste
- 3 Pakistani gang rape victim Amina Bibi dies after setting herself on fire
- 4 Missing Malaysia Airlines Flight MH370: Jet ‘hijacking’ began soon after take-off
- 5 'Missing Malaysia Airlines Flight MH370 plane found in Bermuda Triangle!' Viral Facebook links are profiting hackers
iJobs Money & Business
£35000 - £43000 per annum + Bonus and Benefits: Harrington Starr: A global lea...
£50000 - £60000 per annum: Harrington Starr: Linux Systems Administrator - UNI...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...