ASX-listed content management company, Objective (ASX: OCL), has acquired UK-based ISV, Limehouse software.
Limehouse is a content creation company. It has publishing and stakeholder consultation solutions for local government in the UK and has an emerging presence in North America. Objective has acquired 100 per cent of the issued capital of Limehouse for $6.65 million.
Objective CEO, Tony Walls, said the two organisations had been in discussions over the past year.
“Limehouse’s focus on the public sector and its access to the UK market, as well as its complementary product, means the acquisition is a good opportunity for both of us,” Walls said. “We’re going to be retaining all the staff under the acquisition, and in line with our core business, recruiting further. However, we’ve made no decisions about whether we will rebrand the business.”
Walls said Objective would continue to look for more acquisition opportunities going forward.
“It is fair to say there will be further acquisitions,” he said. “We’re specifically interested in organisations involved in public sectors of all levels, and anything around process and collaboration management.”
In a statement, Limehouse CEO, Giles Welch, said the deal would allow it to benefit from being part of a listed multinational organisation.