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Rubicon Software

  • BY: Andrew Hore |
  • POSTED: 31/03/2009 |

Rubicon Software is widening its customer base which is helping it to reduce its loss.

Rubicon’s Accelerator customer relationship management software has predominantly been used by financial companies. New customers include a US-based data centre audit company and a UK-based videoconferencing business.

Revenues fell by two-fifths to £451,000 in the six months to December 2008 due to a lack of new software sales. Recurring revenues increased by 2% to £246,000. The interim loss fell from £351,000 to £103,000. This was after £31,000 of development costs were capitalised. Net debt was £48,000.

Shares in Rubicon fell 0.25p to 0.75p each, which values the company at £280,000.

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