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Castleton Says Keylogic Beating Expectations, Appoints New COO

Thu, 09th Apr 2015 07:19

LONDON (Alliance News) - Castleton Technology PLC on Thursday saw its shares rise in early trade as its said the recently-acquired Keylogic Ltd business is trading ahead of expectations and as it appointed a new chief operating officer.

The software support services company said Keylogic is trading ahead of expectations following its acquisition of the company in March, with more than GBP1 million in bookings delivered last month, a 40% year-on-year rise. It added the business is still performing ahead of expectations and is delivering strong organic growth.

The company also said it has appointed Davinder Sanghera as its chief operating officer with immediate effect. He joined the company in November last year following the acquisition of Documotive Ltd.

Shares in Castleton were up 12% to 2.5 pence in early trade, one of the best performers in the AIM All-Share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance