Business
Intelligent Data Acquisition
Intelligent Data Acquisition.
About this update from Crimson Tide Plc
[{"type":"text","content":"\n Crimson Tide PLC\n08 December 2006\n\n\n \nFOR RELEASE 7:00AM 8 DECEMBER 2006\n\n\n Crimson Tide Plc\n\n ('Crimson Tide' or 'the Group' or 'the Company')\n\n\n\n Acquisition of Intelligent Data\n\n\nCrimson Tide is pleased to announce that it has completed the acquisition of the\nentire issued share capital of Intelligent Data Limited ('Intelligent Data'),\nwhich provides mobile data solutions and other software solutions. Intelligent\nData is based in Dublin, Ireland.\n\n\nThe acquisition will give Crimson Tide access to Intelligent Data's mobile data\nsolutions, expand the customer base and give geographical expansion for Crimson\nTide's own mobile data solutions.\n\n\nIAF Securities Limited acted as adviser to the Company in respect of this\ntransaction.\n\nBarrie Whipp, the Chairman of Crimson Tide, made the following comments:\n\n\n'We believe that the acquisition of Intelligent Data is a great opportunity for\nCrimson Tide, giving us access to 400 new customers and further expanding the\nCompany's geographic footprint.\n\nThis acquisition provides us with a solid platform from which we will continue\nto grow and develop. As a result of the acquisition, the Group now has eight\nadditional employees, and will be able to sell Intelligent Data solutions in the\nUK and Crimson Tide solutions in Ireland, opening a range of synergies between\nthe companies. We will continue to look for further acquisitions which fit into\nour strategic expansion plans.'\n\n\n\nFor further information contact:\n\nCrimson Tide plc\n\nBarrie Whipp (Executive Chairman) 01892 542 444\n\nStephen Goodwin (Chief Executive)\nCubitt Consulting\n\nBrian Coleman Smith/Leanne Denman 020 7367 5100\n\n\n\nAbout Crimson Tide:\n\n• Crimson Tide plc is a growing provider of mobile data solutions on\n handheld devices and smartphones\n\n\n• The Company supplies solutions on a subscription basis, to a wide range\n of customers including small & medium size enterprises as well as larger\n organisations such as the NHS.\n\n\n• Founded in 1996 Crimson Tide completed the reverse takeover of A. Cohen\n & Co. Plc admitting to AIM in August 2006\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2576,"tagName":"div"}]