OFT investigation

RNS Number : 0542O

IDOX PLC

22 June 2010

 



22 June 2010

IDOX plc

OFT investigation into acquisition of Grantfinder

IDOX plc (AIM: IDOX, 'IDOX' or the 'Company'), a leading supplier of software and services to the UK public sector, has been notified by the OFT that under Section 5 of the Enterprise Act 2002, the Company's acquisition of Grantfinder Ltd, announced on 4 May 2010, is being investigated.  The OFT is considering whether the acquisition should be referred to the Competition Commission. IDOX will fully engage with the OFT in its investigation.

Grantfinder was acquired on behalf of the Company's Information Solutions Division for its specialist content and recorded revenues of £1.6m for the year ended 30 September 2009.

Enquiries:

IDOX	020 7332 6000
Martin Brooks, Chairman
Richard Kellett-Clarke, Chief Executive
William Edmondson, Chief Financial Officer
Investec	020 7597 4000
Andrew Pinder / Erik Anderson
College Hill	020 7457 2020
Adrian Duffield / Carl Franklin

About IDOX plc

IDOX plc is a supplier of software solutions and services principally to the UK public sector and the leading applications provider to local government for core functions relating to land, people and property through its UNI-form, Plantech and IDOX product range. Over 75% of UK local authorities are customers.

The Group gives public-sector organisations the tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.

It also supplies decision support content and additional specialist services via IDOX Information Solutions, as well as transforming approaches to knowledge and content management via consultancy and training. In addition it provides these specialist skills to customers through its TFPL branded recruitment division.

For more information see www.idoxplc.com

 

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