ActiveOps is in the high-profile sector of management process automation software. This is a fast-growing sector and ActiveOps has a relatively long track record, which shows that once customers are gained, they increase their spending over a number of years.
ActiveOps hopes to gain credibility with larger customers through being a quoted company. Although existing shareholders sold shares in the placing the management and employees still own a significant stake.
There are targeted new customers and management is adding partners that can help add to the direct sales.
The share price has risen from 168p to 190p in the first few days of trading since it joined AIM. This type of software company commands high ratings and ActiveOps is trading on more than six times revenues. That app...