TechMARK movers: Morse accepts 2e2 bid

IT services provider Morse has agreed to a 51p a share bid from 2e2. That values Morse at £69.8m. Acceptances totalling 54.1% of Morse have already been received. Private equity-backed 2e2 was formed in 2002 and in the past three years it has bought AIM-quoted Compel and Netstore. The combined annualised sales of the enlarged group are £414m and EBITDA £40m before any cost savings. 2e2 contributes half the revenues and three-quarters of that EBITDA. Profit-taking has hit software assurance company NCC following its share price rise on Friday after it announced the acquisition of SDLC. NCC is paying £15m for SDLC which fits well with its core business and adds software testing expertise. SDLC is expected to make £1.5m of operating profit on sales of £12m in the year to April 2010. The order book is worth £11m. This acquisition will be earnings enhancing. FTSE TechMARK - RisersE2V Technologies (E2V) 58.00p +11.54%Puricore (PURI) 12.25p +6.52%Morse (MOR) 50.50p +5.21%Intec Telecom Systems (ITL) 65.00p +4.42%Kofax (KFX) 253.00p +4.33%Innovation Group (TIG) 13.25p +3.92%GB Group (GBG) 26.50p +3.92%Microgen (MCGN) 87.00p +3.57%Psion (PON) 84.00p +3.07%ARM Holdings (ARM) 261.50p +2.79%FTSE TechMARK - FallersKCOM Group (KCOM) 46.50p -3.63%Alphameric (ALM) 27.00p -2.70%Kewill (KWL) 95.50p -2.55%Vernalis (VER) 49.00p -2.49%Torotrak (TRK) 25.00p -1.96%NCC Group (NCC) 384.00p -1.66%Phoenix IT Group (PNX) 252.50p -1.66%Sinclair Pharma (SPH) 32.00p -1.54%ProStrakan (PSK) 87.25p -0.85%Asterand (ATD) 17.00p 0.00% Ncc