Acquisition

RNS Number : 8022L

NCC Group PLC

05 August 2011

 



5 August 2011

NCC Group plc

Acquisition of web monitoring business for up to £1.7m

NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), the international, independent provider of Escrow and Assurance Services, has acquired Axzona Limited, a Scottish website monitoring company, for a consideration of up to £1.7m in cash.

The initial consideration for Axzona's technology is £1.2m, with two further payments of up to £0.5m in total, over the next 24 months against performance related targets.

NCC Group expects to benefit from the complementary monitoring technology developed by Axzona, which will be incorporated into Site Confidence's range of website performance services.   

Enquiries:

NCC Group  (www.nccgroup.com)	0161 209 5200
Rob Cotton, Chief Executive
Atul Patel, Finance Director
College Hill
Adrian Duffield / Rozi Morris	020 7457 2020

 

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