Growth spice for SciSys

Annova buy boosts Europe-wide media opportunities
Thursday 01 Dec 2016 Author: Steven Frazer

The £9.7m acquisition of German newsroom software supplier Annova could help UK IT solutions minnow SciSys (SSY:AIM) discover its growth spark. Annova will enhance its media and broadcasting solutions business. Analysts have hiked 2017 earnings forecasts by 25% to 4p per share. SciSys shares have rallied about 55% to 111p since the summer. (SF)

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