Completion of acquisition of ANNOVA Systems GmbH

Released : 03.01.2017

RNS Number : 1693T
SCISYS PLC
03 January 2017
 

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014

 

SCISYS PLC

(SSY: AIM)

 

Completion of acquisition of ANNOVA Systems GmbH

 

Further to the announcement of 24 November 2016, SCISYS PLC is pleased to confirm today the completion on 31 December 2016 of the acquisition of ANNOVA Systems GmbH.

 

ANNOVA (www.annova.tv) with its initial roots going back to 1989, is a leading supplier of newsroom editorial solutions in the media sector. It has a robust business model based on its mature OpenMedia software solution. With its latest major version release  launched in 2014, OpenMedia provides next-generation newsroom system functionality, enabling story-centric workflows for news to be created for distribution on any medium. OpenMedia software licence sales are complemented by the sale of professional and consultancy services.

 

For further information please contact:

 

SCISYS PLC


+44 (0)1249 466 466

Mike Love

Chairman


Klaus Heidrich

Chief Executive Officer


Chris Cheetham

Finance Director

 

 

finnCap (NOMAD & Broker)


+44 (0)20 7220 0500

Julian Blunt

Corporate Finance


Mia Gardner

Corporate Broking

 

 

WalbrookPR

Tom Cooper/Paul Vann


+44 (0) 20 7933 8780

+44 (0)797 122 1972

tom.cooper@walbrookpr.com

 

About SCISYS:

Employing nearly 450 staff, SCISYS group is a leading developer of Information and Communications Technology services, e-Business, web and mobile applications and advanced technology solutions. The Company operates in a broad spectrum of market sectors including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue chip and public sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, AON, Interflora and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and two offices located in Germany. More information is available at www.scisys.co.uk 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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