Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Transformation continues at Teddy Sagi backed business

App distribution platform Crossrider (CROS:AIM) is continuing the transformation process launched by chief executive Ido Erlichman last year. Don’t worry about 2016 revenue falling by a third to $56.5m. That reflects the company’s withdrawal from the ad tech space. More recently it spent €9.2m on buying German cyber security software provider CyberGhost. At 67.9p the shares are up more than 80% since we explained the company’s plans last October.

‹ Previous2017-03-23Next ›