Business
Acquisition of Q-Max
Acquisition of Q-Max.
About this update from Netcall Plc
[{"type":"text","content":"\n RNS Number : 0164A Netcall PLC 01 October 2009 \n \nEmbargoed for release at 7am, 1 October 2009\n\nNetcall plc\n('Netcall', the 'Company' or 'the Group')\n\nAcquisition of Q-Max\n\nNetcall plc (AIM: NET), a leading provider of software solutions to the contact centre market, today announces that it has entered into an agreement for the acquisition of the entire issued and to be issued share capital of Q-Max Systems Limited ('Q-Max'), a leading UK-based provider of workforce management software to contact centres. The acquisition will be for a total consideration of approximately £2.5 million, predominantly payable in cash with the remainder payable in new ordinary shares in the Company.\n\nQ-Max's workforce management software is a widely deployed workforce management solution in UK contact centres. The software allows managers to forecast the volume of transactions that a contact centre will be required to handle and to schedule the optimal number of agents to meet the anticipated demand, improving productivity and customer experience. \n\nQ-Max has a diverse client base of more than 100 existing customers in all market sectors, offering significant cross-selling opportunities for the Group. Traditionally delivered as premise-based solutions, the Q-Max software will be integrated with Netcall's existing product portfolio and also made available on Netcall's hosted platform, expanding the product's addressable market and allowing delivery as a SaaS based solution.\n\nQ-Max has a positive cash balance and no debt. For the year ended 31 December 2008, Q-Max reported an unaudited pre-tax loss of approximately £80,000 after royalty payments, with gross assets of approximately £413,000. \n\nOn current run rates, Q-Max is expected to generate revenues of approximately £1.3 million per annum of which a significant proportion is maintenance revenues. The Board expects to derive substantial cost savings and going forward Q-Max is expected to contribute significantly to the Company's growth.\n\nHenrik Bang, CEO of Netcall, commented, 'Q-Max provides Netcall with more than 100 new customers and enhances the Company's product offering. Q-Max's software will be integrated with our existing product portfolio and will be ported onto&nb...