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Optimisa Reports Strong Results, Seeks Further Acquisitions
Optimisa has announced an increase in revenue from £2.26m in 2005 to £5.89m last year, helped by its 2006 acquisitions of US firm nxtMOVE in March and the UK's Andrew Irving Associates in October. The results provide a strong platform for making further additions to the group.
Optimisa, which reported a rise in operating profits of 119% to £763,000, is currently searching for acquisition opportunities in b2b and b2c MR, market and competitor intelligence and data analytics.
Chief Executive Simon Dannatt says that the acquisition of nxtMOVE has helped develop operations in North America, while Andrew Irving Associates has added strength to the UK business. He adds that growth of the Group's market intelligence firm, KAE, has also exceeded expectations.
Chairman Ron Littleboy said: 'nxtMOVE is building on its success in providing strategic decision support services to US corporates, while Andrew Irving Associates is expected to grow significantly in the coming year. Organic expansion of its qualitative market research services for existing and targeted new clients is already being augmented by cross selling by both KAE and nxtMOVE and this is expected to further develop as our experience of multi team / office delivery grows.'
Optimisa is online at www.optimisaplc.com .
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