Geospatial software provider IQGeo (LON: IQG) had a strong end to 2020 acquiring a business that fits well with the core business, winning new contracts and selling a minority stake in a former subsidiary.
Analysis and storage software provider OSPinsight was acquired for an initial $5.6m in cash and $1.1m in shares, with a further $2.2m deferred. A placing at 78p a share raised £5.3m to help pay the cash portion.
Both businesses help telecoms and utilities companies to plan and maintain their network infrastructure.
IQGeo is still losing money and that is likely to continue until 20...
