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IPH Limited (ASX:IPH) today announced that is has agreed to buy Practice Insight Pty Ltd and WiseTime Pty Ltd for $8 million.
The purchase will be paid half in cash and half in IPH shares which enjoyed a stellar debut on the ASX back in November. The stock opened 50 per cent higher than its listing price of $2.10 and currently trades at around $4.80.
Both of the acquired companies are specialist providers of data analysis and software applications for Intellectual Property and founded Thomas Haines will join IPH.
IPH recently reported a net profit of $13.2 million for the first half of the 2015 financial year.
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Last
$5.06 |
Change
0.090(1.81%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.02 | $5.09 | $5.01 | $3.732M | 737.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3296 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.06 | 3392 | 3 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
