MXCP - Sagacity Investment6 Jan 2016 21:32
MXCP’s Investment in Sagacity
Investment in Non Listed Sagacity, MXCP have invested approx £4.8 Mill.
This is another huge invesment which will provide a serious ROI which you will see from the figures below. MXCP have exstensive contacts accross many area where the can grow this business and then eventually have it listed via RTO or IPO.
This invesment has allowed MXCP to acquire up to 29% of Sagacity Solutions Limited an established, profitable and fast-growing business specialising in Big Data Analytics.
MXC will work with the Sagacity management to build the QTOX brand, and strengthen the company's position in the Big Data Analytics space both in the UK and abroad.
Sagacity has a blue chip client base in the Financial Services, Telecoms, Energy and Utilities sectors, where it offers Big Data Analytics solutions based on its Oracle-based QTOX software platform. Sagacity has core service offerings in the areas of data quality, revenue assurance and, customer value management and analytics through which it helps customers manage and extract value from their data.
The initial investment of £4.8 million for a 19% stake in the company has been satisfied from MXC´s existing cash resources. A further £1 million of development capital may be invested at the option of MXC. In addition MXC has been granted options over a further 7.5% of the Company's issued share capital. In the financial year to 31 October 2014 Sagacity generated revenues of £4.8 million and EBITDA of £1.3 million and is expecting to deliver more than £7 million of revenues and over £2 million of EBITDA in the current year.
Peter Rigg, Chairman of MXC, said "The team at Sagacity has developed world class software that they are already providing to a blue chip client base. We believe this technology has very significant potential and we are excited by the opportunity to take this product to a wider market".
Sagacity are experts in Big Data Analytics. Sagacity has a blue chip client base in the Financial Services, Telecoms, Energy and Utilities sectors, where it offers Big Data Analytics solutions based on its Oracle-based QTOX software platform. Sagacity has core service offerings in the areas of data quality, revenue assurance and, customer value management and analytics through which it helps customers manage and extract value from their data.