(Alliance News) - IT firm Glantus Holdings PLC on Monday said it is shooting for a initial public offering on AIM in London in mid-May.
Glantus is a provider of accounts payable automation and analytics solutions headquartered in Dublin, Ireland. It is lead by Founder & Chief Executive Officer Maurice Healy, who holds a 40.3% stake. Chief Technology Officer Geoff Keating is the second largest shareholder currently with 19.4%.
Glantus focuses on three product segments: Active AP Discovery, Intelligent AP Automation and Advanced AP Analytics.
"The group utilises its internally developed data platform to offer an integrated solution for the finance function, accounts payable in particular. These solutions are offered to over 300 customers, more than 50 of which Glantus classifies as large enterprises," Glantus said.
Geographically, Glantus is structured around two operating units focusing on EMEA and the US which provide sales, account management, project delivery, and customer support.
Glantus did not hint at the specifics of the IPO, including the amount the company plans to raise, its anticipated market capitalisation and the IPO date.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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