Avisen buys Quadrum Consulting

London-based performance management specialist Avisen Plc has acquired South Africa-based rival Quadrum Consulting for £200,000.

Quadrum provides business intelligence and works in partnership with IBM Cognos, a developer of business and performance management software. In the year ending February 2009, Quadrum generated revenues of £312,000 and pre-tax profits of £98,000.

In February, Avisen reversed into AIM-listed cash shell Z Group Plc. The investment company, which targets the technology, media and science sectors issued Avisen with 86.6 million shares valued at £4.55 million. The company now trades as Avisen Plc.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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