The Financial Week Ahead – Newswatch: Anite on acquisition drive.

The Financial Week Ahead - Newswatch: Anite on acquisition drive.

The $72m purchase of Datavance is the latest European move by the group who, last December, formally committed itself to e-commerce as its central interest with the launch of its strategy, @com.

As well as providing e-commerce solutions for the travel industry, Anite offers services and software to the oil and gas industry. Clients include Nokia, Esso and Royal Dutch/Shell.

Subsidiary Anite Travel Systems also struck a strategic partnership in March with leading UK tour operator first Choice Holidays to provide websites for its travel brands.

Analysts believe the group, who announced the placing of new shares at 138.5p to raise £12m last month, is due for a pre-tax profit of around £11.9m.

Finance director Simon Hunt now wants the group to look for further acquisitions in Spain, Italy and the Nordic countries and to build within the banking and telecoms sector.

Hunt, who was a partner for 11 years at KPMG, worked as finance director at the ACT Group before his move to the Anite Group in 1996. Anite is continuing to build up its European presence of its internet and e-commerce consultants continues.

Anite’s UK headquarters are in Slough, Berkshire. It also has offices in Bristol, Fleet, Glasgow, Manchester, Milton Keynes and London.

It is audited by Arthur Andersen.

www.anitesystems.co.uk.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article