Deal highlights the value in AIM
Yet another acquisition on AIM highlights the value on offer in London’s growth market following recent share price falls. Investors should focus on the recurring revenue.
Oxford Metrics (AIM: OMG), the smart sensing software company, servicing life sciences, entertainment and engineering markets, has announced the sale of its infrastructure asset management division, Yotta, to Causeway Technologies for a cash consideration of £52.0m. Serving over 200 customers worldwide, Yotta provides software to assist in the management of more than 35 million physical assets and related services - including highways, street lighting, and waste management. Originally a spin-out from Oxford Metrics' core technology, the AIM listed Group has successfully scaled Yotta and its operation in recent years, particularly increasing the level of recurring revenue it generates. However, for the…