Business
Acquisition of Trade
Acquisition of Trade.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n RNS Number : 9025T Crimson Tide PLC 16 June 2009 \n \n\nCrimson Tide PLC\n16 June 2009\n \n \n \n\nCrimson Tide plc \n(the 'Company')\n\nAcquisition of part of the trade of CGA Enterprise Solutions Limited\n\n\nCrimson Tide plc is pleased to announce that it has acquired the Sage Saleslogix trade of CGA Enterprise Solutions Limited ('CGA'), based in Cambridge.\n\nThe acquisition sees CGA's base of Saleslogix customers transfer to Crimson Tide with immediate effect. Crimson Tide will immediately support these customers' Saleslogix installations as well as providing them with consultancy services. \n\nThe consideration amount is confidential but the transaction value, payable over a 36 month term is less than £100,000 and is dependent on certain levels of support renewals and consultancy business being achieved.\n\nAs well as increasing the Company's Sage Saleslogix customer support base, the acquisition gives Crimson Tide opportunities to market its wider portfolio of services to these customers.\n\nThe acquisition does not include the transfer of any of the assets or employees of CGA.\n\nBarrie Whipp, Crimson Tide's Executive Chairman commented 'We are pleased to have secured this extra business which adds to our Saleslogix customer base. We are successfully combining our mobile data solutions with our traditional CRM business and both have significant benefits for our customers.'\n\n\n\n\nFor further information, contact:\n\n\n\n\nW.H. Ireland Limited\nTim Cofman-Nicoresti/Katy Birkin\n\n\n0121 265 6330\n\n\n\n\nThreadneedle Communications\nGraham Herring/Josh Royston\n\n\n\n020 7653 9850\n\n\n\n\n\nNotes to Editors:\n\nAbout Crimson Tide\nCrimson Tide is a provider of subscription-based mobile data solutions. The company, formed in 1996 has underlying competency in sales, service and customer relationship software which it has evolved into solutions available on a range of handheld computers and smartphones.\n\nThe company works in partnership with Microsoft, where it is Gold Certified Partner, Sage, Sage, Palm, and Good Technology as well as Yes Telecom, a Vodafone company, in order to be able to offer a complete end to end solution.\n\nCrimson Tide is an AIM listed company on the London ...