Junior-listed AIM shares climb 0.1 percent, laggingthe mid-caps which are 0.3 percent firmer, butoutperforming a flat FTSE Small Cap index.
AIM-listed Redcentric, a service provider deliveringinnovative technology to improve business productivity andefficiency, climbs 8.4 percent after announcing the acquisitionof InTechnology Managed Services for 65 million pounds ($104.6million).
This will be financed by a 64 million pounds share placingat 80 pence and an increase in the company's banking facilities.
"Post acquisition, Redcentric will have greater scale andvisible market presence, and improved network and datacentrequality, resilience and reach," FinnCap writes in a note.
"The resulting combination does not change Redcentric'sstrategic aims or target markets, but rather adds to itsinfrastructure assets and revenue base with greater growth andmargin potential, including both scale benefits and costsynergies."
The broker lifts its target price for Redcentric - currentlytrading at 91.5 pence - to 115 pence from 105 pence.
Ultrasis, the AIM-listed provider of cognitivebehavioural therapy for stress and depression, jumps nearly 12percent after its subsidiary Screenetics wins three newcontracts.
($1 = 0.6215 British pounds)
Reuters messagingrm://tricia.wright1.thomsonreuters.com@reuters.net
