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Instem CEO “actively looking” for acquisitions in 2016

Instem (LON:INS), is on the hunt for more deals after it provided an upbeat assessment of current trading trends.

Revenues for the year ended December were up £2.4mln and ahead of expectations at £15.8mln

Chief executive Phil Reason said the firm, having fully integrated its previous acquisitions – Logo and Perceptive – purchased in 2013, is now on the lookout for further deals.

He also said there also some “really exciting new growth opportunities,” for including the new standard for the exchange of data (SEND), which should open up a whole new market for the company.

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