News blog

Active Risk Group

• BY: Andrew Hore |
• POSTED: 12/07/2013 |

Euronext-quoted Sword Group is bidding 35.2p a share for risk management software provider Active Risk Group.

The agreed bid values Active Risk, which had net cash of £2.75m at the end of March 2013, at £11.7m. The company returned to profit last year. Originally known as Strategic Thought, the company floated in July 2005 at a valuation of £30m (120p a share).

Sword believes that it has the resources to take better advantage of the technology developed by Active Risk and it also believes that it can reduce costs.

Luxembourg-based Sword has a market capitalisation of €110m. In 2012, it made a profit of €20m on revenues of €118m but it is unclear if this includes one-off gains. Sword provides software and services for risk management and compliance.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJuly2013_46.pdf