Bglobal plc, a provider of smart energy solutions and services to the UK energy market, has acquired, through its subsidiary Utilisoft Limited, Draig Technology Limited, a business supplying billing and CRM software to independent electricity supply companies.
The consideration for Draig is £675,000 payable in cash on completion to the vendor, Richard Sheppard, who will remain with the Group for six months. In the 12 months ended 31 May 2012, Draig had revenues of £434,724.
Draig is based in Bangor, North Wales and develops and supplies software products including the Futura Utilities Billing and uCRM configuration of Microsoft Dynamics CRM that is already being sold by Utilisoft as part of its solutions to key customers.
Commenting on the acquisition of Draig, Group Chief Executive Tim Jackson-Smith said: “I am delighted to welcome Draig into the Bglobal group of companies. We know from talking to our key customers that the ability to offer a flexible, fully integrated billing and PAYG solution is of major strategic importance to them and the skills, experience and IPR that we acquire as a result of this deal mean we are in a strong position to offer a class leading solution to our customers.
UK, Darwen, Lancashire
- Bglobal announces preliminary results for the year ended 31 March 2012 Posted on July 17, 2012
- Bglobal acquires Utiligroup Posted on August 13, 2010