RE: Results coming10 Sep 2016 16:08
Well, that's what the Times reported was going to happen earlier in the year.
From Times April 18th 2016.
Microsoft takes aim at Rosslyn Data Technologies
A small AIM-quoted handler of so-called “big data” for multinational clients looks like being the latest British technology company to slip into American hands.
Microsoft appears to be the most likely buyer of Rosslyn Data Technologies after several clients are understood to have expressed an interest.
Rosslyn joined the Alternative Investment Market in April 2014, but was caught up in the negative reaction to other technology floats, such as Just Eat and AO.com. The shares were floated at 33p, but on Friday night were worth only 9½p, valuing Rosslyn at little more than £7 million.
At a recent clients’ conference, a delegate from Microsoft is believed to have indicated an interest in buying the company and advancing it to its next phase of development, with sales of potentially as much as £50 million a year.
Other clients who are thought to be interested are Genpact, a global business processing company, and PwC, the accountancy giant. Rosslyn helps them and other clients, including Diageo, Xerox and Boots, via the internet to turn reams of data into a useable form. Its latest figures, covering the half-year to the end of October, show revenues up 46 per cent to £1.8 million and losses before tax decreasing by 22 per cent to £1.3 million.
Rosslyn was founded by Charles Clark, who served in the army during the first Gulf War, and Hugh Cox in 2005. Analysts have suggested that the market has failed to appreciate the progress made by management in taking the company forward. One in January described the present valuation as “aberrant”.
http://www.thetimes.co.uk/article/microsoft-takes-aim-at-british-minnow-3gblpxnsj