The £48.5m bid convinced rival Sage to withdraw despite the company’s strong interest in Pegasus which was announced in December.
Pegasus received a 430p per share cash offer from Australia’s Solution 6 before Christmas, but the new offer values the shares at 658p.
But although the new bid puts Solution 6 in the shadows, analysts have been quick to point out the risks attached to internet stocks which are extremely volatile at the moment.
Freecom.net floated as recently as December 2 and helps small and medium-sized companies to establish a commercial presence on the internet.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union