LONDON, UK: ldox plc has acquired Aligned Assets Holdco Limited, a UK based public sector software business, a news release said. Initial cash consideration is £7.5m, increasing to a total maximum of £10.5m, comprising earn-out amounts of up to £1.5m payable in cash and £1.5m payable in equity over two years. The size of earn-out…
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ldox plc sells its compliance operations business to Sponge Group for £9.0 million
LONDON: ldox plc, a supplier of specialist information management software and solutions, has agreed the disposal of its Compliance Operations business, to Sponge Group Limited for £9.0 million cash on completion. The Compliance Operations business, part of Idox’s Content Division is based in Germany and Belgium and employs 48 people. The transaction will see Sponge…