Customer engagement and intelligent automation systems supplier Netcall (LON:NET) is spending some of its cash pile. It is paying an initial £9.6m for Govtech, which has a focus on the public sector, and this will be earnings enhancing this year.
There was £33.7m of net cash at the end of June 2024. Even after the acquisition Netcall could still have £31m in cash at the end of June 2025 – there is £1.5m in cash that comes with the acquisition. This is despite the fact that it continues to invest in product development.
Govtech helps local authorities to automate council transacti...
