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TechMARK movers: Gresham sells storage unit

Mon, 19th Oct 2009 15:30
Real-time financial software provider Gresham Computing is selling its Storage Director business for an initial $1.4m in staggered payments. Fully listed-Gresham will receive $600,000 - $500,000 after expenses - of the initial payment this year with the rest payable in two instalments in 2010. Gresham could receive a further $1.8m based on a minority share of future sales over the next five years. As well as the cash inflow, the disposal will enable Gresham to reduce costs by £900,000 a year. Gresham is in the process of matching costs to its recurring revenues, according to its interim management statement. The board says that Gresham is on course to reduce annual costs by £2.6m during 2009.Price comparison web site Gocompare.com has chosen Autonomy's multivariable testing solution, Optimost, to rotate the content on its web site. The Autonomy Optimost solution enables businesses to vary the content that new visitors see, and then calculate which design secures the highest number of visitors to the site. Gocompare.com said it saw a significant increase in its click-through rate (CTR) after using the Optimost solution on its car insurance landing page. No financial details of the contractual arrangement were revealed.FTSE TechMARK - FallersGresham Computing (GHT) 29.00p -6.45%Oxford Biomedica (OXB) 15.00p -4.76%ProStrakan (PSK) 121.75p -4.32%Kewill (KWL) 90.00p -4.00%NCC Group (NCC) 390.00p -3.70%Torotrak (TRK) 26.50p -3.64%NXT (NTX) 16.00p -3.03%Filtronic (FTC) 36.00p -2.70%Morse (MOR) 37.50p -2.60%Wolfson Microelectronics (WLF) 123.50p -2.18%FTSE TechMARK - RisersPhytopharm (PYM) 22.00p +11.39%Parity Group (PTY) 18.00p +5.88%Innovation Group (TIG) 13.50p +3.85%Phoenix IT Group (PNX) 249.00p +3.32%Ark Therapeutics (AKT) 47.00p +3.30%RM Group (RM.) 169.00p +2.74%Psion (PON) 120.00p +2.56%Skyepharma (SKP) 88.00p +2.33%Xaar (XAR) 92.00p +2.22%Biocompatibles International (BII) 215.50p +1.89%

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