IDOX Plc, a London-based management knowledge business, has acquired J4B Software and Publishing, a provider of web-based content principally to local authorities, for £800,000 in cash. 

IDOX Plc, a London-based management knowledge business, has acquired J4B Software and Publishing, a provider of web-based content principally to local authorities, for £800,000 in cash.   

PLUS-quoted J4B provides value-added databases of government and EU funding information via easily accessible websites. J4B reported revenues of £2 million in 2008, with an operating profit of £300,000.

Martin Brooks, IDOX Chairman, said: “J4B is an attractive earnings-enhancing acquisition for us that reinforces our supporting content business, thereby strengthening our wider capabilities in the local authority and related markets.”

In the 12 months ended 31 October 2008, IDOX reported an increase in revenues of 65 per cent to £34 million, with pre-tax profits up 267 per cent to £6.6 million.