TIDMARTA
RNS Number : 5842O
Artilium PLC
10 February 2016
Artilium plc
("Artilium" or the "Company")
Artilium acquires Livecom International to enhance its call
centre offering
Highlights
-- Artilium to acquire Livecom International B.V and Chinese JV
of Livecom (together "Livecom") for a total consideration of
EUR512,500
-- EUR450,000 of consideration to be paid in cash, remainder by
the issue of 880,460 new ordinary shares at 5.38 pence per share,
locked in for 12 months
-- Livecom supplements Comsys' portfolio of call centre offerings
-- Livecom provides a single web application that handles all
customers contacts via chat, e-mail, voice as well as providing
expert knowledge base
-- The acquisition is expected to be earnings accretive in the first year
Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of
innovative telecommunication software and solutions, is pleased to
announce the acquisition of the entire issued share capital of
Livecom International B.V as well as a 50 per cent. stake in the
Chinese JV of Livecom (together the "Acquisition"). The Acquisition
is expected to be immediately earnings enhancing, adding new
services to the call centre portfolio of Artilium's subsidiary,
Comsys.
About Livecom
Livecom (www.livecom.com) is a specialist in customer
interaction management, providing a single web application that
handles all customer contacts via chat, e-mail, voice as well as
the expert knowledge base. Livecom has over 10 years of experience
in developing, delivering and hosting customer interaction
management services. Livecom has a strong customer base in the
Netherlands and has already conducted an initial product
integration with the Comsys portfolio. In addition, Livecom is
expanding its offering to include new customer interaction channels
such as Whatsapp.
Bart Weijermars, Chief Executive Officer of Artilium said:
"The integration of Livecom's business with our subsidiary
Comsys offers a very exciting opportunity for Artilium. Comsys has
already established Artilium in the call centre market and the
addition of Livecom's application presents exciting new
capabilities to that offering. Importantly this creates additional
value to our customers and additional growth opportunities for
us."
Details of the Acquisition
Artilium will pay a total consideration of EUR512,500 for
Livecom that will be satisfied by a cash payment of EUR450,000 and
the immediate issue of 880,460 new ordinary shares of 5 pence each
("Ordinary Shares") at a price of 5.38 pence per Ordinary Share
(the "Consideration Shares").
Livecom is based in the Netherlands and in the year to 31
December 2015 generated revenues of EUR866,669, EBITDA of
EUR213,755 and had net assets of EUR75,696 as at that date.
Application will be made for the Consideration Shares to be
admitted to trading on AIM and admission is expected to take place
on 15 February 2016. The Consideration Shares will rank pari passu
with the existing ordinary shares of the Company and are subject to
a 12 month lock in.
Following admission the total number of issued Ordinary Shares
in the Company will be 297,542,760 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.
For further information please contact:
Artilium PLC +32 (0)50230300
Bart Weijermars - Chief Executive
Officer
finnCap Ltd
Jonny Franklin-Adams/Scott
Mathieson (corporate finance)
Joanna Scott (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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