Acuity RM has been formed by the reversal of Acuity Risk Management into AIM shell Drumz, which has been seeking a deal for years. This is a governance risk and compliance software and services provider.
There is a large potential market and Acuity RM is barely scratching the surface at the moment. Monthly recurring revenues are £140,000 and renewal rates are 96%. There are large competitors, but they tend to focus on larger customers.
Drumz ended the last day prior to the completion of the reversal at 0.575p (0.5p/0.65p). That is also before the 2,000-for-one share consolidation and su...
