IPO watch: strong AIM debut for essensys
essensys is a leading provider of software to the fast growing flexible workspace industry and has expanded significantly since its incorporation in 2006. As our research here highlights, it looks well-placed to benefit from a sector which is set to grow substantially over the next few years, notably in the US.
Two interesting IPOs braved the turbulent UK stock market in May, with jeweller Watches of Switzerland (LON:WOSG) joining the main market and software group essensys (LON:ESYS) arriving on AIM. Both companies have enjoyed a positive start to life on public markets despite the difficult month for investors. Rather than focus on the larger, better-known, private equity-controlled jeweller, which still carries a lot of debt, the nimbler AIM quoted software group which addresses a very dynamic market, seems worthy of greater attention.
essensys is a leading global provider of software-as-a-service (SaaS) platforms and on-demand cloud services to 'flexible workspaces' (the painfully social office areas which are filled with beanbag chairs and serve beer in the foyers). essensys says its software has been designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. Those of us who have experienced the shortcomings of software used by workspace operators can appreciate the requirement for simple efficient software to…
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