MOTLEY FOOL8 Jan 2010 13:14
Picked this up on Yahoo! Finance.
An observation from Motley Fool.
Intelligent Environments (LSE: IEN) provides software that allows the customers of banks and retailers to manage their accounts online.
It has fallen back in the past couple of months since it announced, back in December, that an order for its NetFinance platform was cancelled. This was following the merger of the Chelsea Building Society and the Yorkshire Building Society.
However, its revenue and profits should be in line with the previous year. Moreover, given its positive cash flows and future growth prospects, I think may make it an attractive takeover candidate for a systems integrator who specialises in the financial sector/retail sectors. One name that springs to mind is Fiserv (NASDAQ: FISV - news) , which supplied Tesco (LSE: TSCO.L - news) (LSE: TSCO) with its banking platform.