Acquisition

RNS Number : 0177R

IDOX PLC

23 April 2009

 



23 April 2009 

IDOX plc

Acquisition of J4B Software & Publishing for £0.8 million cash

IDOX plc (AIM:IDOX, the 'Company'), has agreed to acquire the entire issued share capital of J4B Software and Publishing Limited ('J4B'), a provider of web-based content principally to local authorities, for a cash consideration of £0.8 million funded from existing resources.  J4B has a cash balance of £0.2m.

Highlights

• J4B, previously a part of J4B plc, a PlusMarkets listed company, provides value-added databases of government and EU funding information via easily accessible web sites. J4B has its main operations in the UK and the Netherlands.

• The acquisition is in line with IDOX's strategy of providing software, solutions and services to government and related organisations. The acquisition will enhance the capabilities of the existing IDOX Information Service ('IIS') which has been part of the IDOX group since 2002 and which provides subscription-based content to complement the company's core software business. 

• J4B had revenues of £2.0m for the year ended 31 December 2008, an operating profit of £0.3m and net assets of £0.2 million at 31 March 2009. 

• Jeremy Philips, a shareholder and Managing Director of J4B, will join the executive team of IDOX, bringing his experience in electronic content management, database design and publishing. 

Martin Brooks, IDOX Chairman, said: 

'J4B is an attractive earnings-enhancing acquisition for us that reinforces our supporting content business, thereby strengthening our wider capabilities in the local authority and related markets.'

  For further information, call:

IDOX plc
Martin Brooks, Chairman	020 7332 6000
Richard Kellett-Clarke, CEO William Edmondson, CFO
Noble & Company Limited
John Llewellyn-Lloyd Sam Reynolds	020 7763 2200
College Hill Adrian Duffield   Carl Franklin	020 7457 2020

Notes for Editors

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 and IDOX product range. Some 70% of UK local authorities are customers.

The Company 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 the IDOX Information Service.

Under the TFPL brand the company is transforming approaches to knowledge and content management via consultancy and training, as well as providing these specialist skills to customers through its recruitment division.

J4B Software & Publishing Limited (J4B)

J4B is a UK based supplier of software, database and WEB portal services to local authorities, Government bodies, universities and the NGO community. J4B collects grant information, codifies and presents this information on behalf of organisations to potential applicants and as a research base for consultancies and third parties and is acknowledged as being a leading supplier of such services.

For more information see www.idoxplc.com and www.J4B.com

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