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Rosslyn Data Technologies

  • BY: Andrew Hore |
  • POSTED: 24/04/2014 |

Business intelligence services provider Rosslyn Data Technologies plans to raise £10.25m prior to joining Aim on 29 April.

The fundraising will value Rosslyn at £24.9m. Existing shareholders will sell 757,576 shares.

Rosslyn (www.rosslynanalytics.com) was founded in 2005 and provides data extraction, cleansing, enrichment and visualisation via the Cloud. Unsurprisingly, the company uses the phrase ‘big data’ in order to gain investor interest. Clients include HM Treasury, Capita, University of Exeter and Aberdeen Asset Management.

One of the beneficiaries of the flotation will be Aim-quoted Vela Technologies which bought convertible A preference shares for just over £100,000. These will be converted into the ordinary shares. It is unclear whether the flotation price will yield much of a gain on this investment.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2014_55.pdf

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