Objective finds cloud path with Limehouse

 

Listed enterprise content management provider Objective has acquired a UK-based hosted record keeping platform operator called Limehouse for $6.65 million.

Objective has acquired 100 per cent of the issued capital of Limehouse, with an additional performance-based earn-out of up to $3 million contingent on achieving FY2010 benchmark results.

Limehouse's full year revenues to 30 June 2009 are expected to be in the range of $6.3 to $7.4 million.

The UK-based company has around 250 customers, including approximately 200 in the UK local government sector and 35 in North America.

The acquisition extends Objective's market share and capability in the Public Sector market, according to Objective CEO Tony Walls.

"Of further strategic importance, Limehouse has a proven and profitable software-as-a-service model, completely hosted in the cloud," Walls said.

"This is the first of many solutions Objective will deliver via this model."


Objective finds cloud path with Limehouse
 
 
 
Top Stories
Beyond ACORN: Cracking the infosec skills nut
[Blog post] Could the Government's cybercrime focus be a catalyst for change?
 
The iTnews Benchmark Awards
Meet the best of the best.
 
Telstra hands over copper, HFC in new $11bn NBN deal
Value of 2011 deal remains intact.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  39%
 
Your insurance company
  3%
 
A technology company (Google, Facebook et al)
  8%
 
Your telco, ISP or utility
  7%
 
A retailer (Coles, Woolworths et al)
  2%
 
A Federal Government agency (ATO, Centrelink etc)
  20%
 
An Australian law enforcement agency (AFP, ASIO et al)
  14%
 
A State Government agency (Health dept, etc)
  6%
TOTAL VOTES: 1791

Vote
Do you support the abolition of the Office of the Information Commissioner?