ActiveOps PLC (AIM:AOM) saw its shares climb over 9% after it agreed to acquire a rival ‘decision intelligence’ software firm Enlighten Group in a deal pitched at US$21.5 million, with $8.5 million to be paid upfront.
The other $13 million will be tied to SaaS revenue and renewal targets between June 2026 and 30 June 2027.
ActiveOps estimates the acquisition will add $11 million of annual recurring revenue, and enhance per share earnings by at least 15% in the year ending 31 March 2027.
"The acquisition of Enlighten significantly expands our presence in the North American and Asia Pacific markets, brings major enterprise customers into our organisation and accelerates our product roadmap,” said ActiveOps executive chair Richard Jeffery.
“We believe the combination of the two businesses will bring considerable additional value to both customer bases and provide for increased shareholder value.
“We look forward to welcoming the Enlighten team and customers into the ActiveOps organisation and are confident of continued growth and success."
In London, ActiveOps shares were up 12.5p or 9.8% changing hands at 140p, having reached 143.95p earlier in the session.