Ultrasis Plc Regulatory News (ULT)

Ultrasis plc

("Ultrasis" or the "Company")

Acquisition of Step Success

Ultrasis is pleased to announce that it has acquired the business assets of wellness provider Step Success for a total cash consideration of less than £30,000.

This includes a supplier agreement with Fitlinx for the "Pebble", an activity tracking device designed for the mass market, and the Intellectual Property of its behaviour-change application that engages and motivates individuals to increase their activity levels. 

There is a well-documented link between physical activity and both physical and mental health and this acquisition complements the Company's existing product suite by helping engage users in a tangible way. 

In addition Ultrasis will take over Step Success' current sales contracts which includes both corporate customers and local authorities and Joel Campbell, the founder of Step Success has taken up a sales and business development role with Ultrasis. 

Commenting on the acquisition, John Smith, CEO of Ultrasis said: "This is an exciting acquisition that links with our strategy to deliver a wide spectrum of health and wellbeing services. Step Success has a growing reputation for delivering measurable and meaningful health benefit in both the public and corporate sector through the use of its innovative technology. The direct to consumer opportunity associated with Step Success is also of particular interest to our business as we are currently developing the company's on-line business, The Wellness Shop. I am also delighted to welcome Joel Campbell to the Ultrasis Group. Joel who has a wealth of industry experience will join the sales team and lead on developing corporate markets across our product range".

Ends

Editor's notes:

Ultrasis is a healthcare company with core expertise in health, psychology, software development and programme management. We deliver a range of healthcare products to the consumer, the NHS, the corporate sector and other healthcare providers in the UK and Internationally. Ultrasis was the first company to offer computerised products based on Cognitive Behavioural Therapy (CBT) and interactive multimedia, and is still the world leader in this field.

For more information about Ultrasis please visit www.ultrasis.com 

About Step Success is a wellness provider that works with both corporates and individuals to bring about behaviour change that leads to healthy outcomes. Their purpose is to create opportunities to empower people to make small steps towards wellbeing.

For more information please visit www.stepsuccess.com and www.joggle.com 

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