Software firm floats with £23m market cap
A UK-headquartered software firm which works with some of the world’s largest companies has this morning floated on the London Stock Exchange, raising £10 million in capital.
AIM-listed i-nexus Global is behind a cloud-based strategy execution software platform which is currently being used by 36 global blue-chip businesses based across the US and Europe.
Headquartered in Coventry with over 50 employees, i-nexus has floated on the AIM market with a market capitalisation of over £23 million.
“The high level of interest shown by investors in i-nexus is testament to the power of our software, our outstanding customer base, strong competitive position, high levels of recurring revenue and large addressable market,” said CEO Simon Crowther.
Crowther said the company will use the funds to “capitalise on the growth of our sales pipeline and significant market opportunity”.
He added: “I would like to thank all who have supported us to date, but in particular our talented employees for all their hard work and dedication.
“We look forward to life as a public company with confidence.”
Interactive digital magazine below