UK based Expansys, owners of US based Mobile planet have announce that they plan to gloat themselves on the Alternative Investment Market… If you have £10 Million to spare you could buy the lot… which isn’t bad for a company with a £54 million pound turnover.
Over the last few years they’ve expanded and expanded… and now they are looking for capital to grow again.
Roger Butterworth, chief executive of eXpansys, said: “This is the most cost-effective way to raise money to improve the value of our balance sheet and allow the business to grow.”
Butterworth stressed his priority was to acquire similar firms operating in the mobile phone and PDA arena either in the UK or overseas. It drew 53 per cent of its £54m turnover in 2006 from outside the UK.