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This software company looks even cheaper after latest deal (Updated)

House and key

This platform-centric software business has had a challenging time, but investment in a new digital offering should drive an acceleration in activity, further boosted by the growth in housing transactions. The valuation looks attractive to us, relative to other software offerings and the sale of a subsidiary for a nice premium leaves the business in a strong net cash position. (IHT qualifying)


ULS Technology (LON:ULS) supports residential conveyancers and related legal services through its eConveyancer product, an online comparison service for conveyancing used by over 4,000 mortgage brokers and financial intermediaries, lenders, networks and estate agents.


Conveyancing is a legal requirement when buying or selling property and customers use the ULS platform to compare conveyancing quotes based on price, location and service rating. This is made possible by the quality assured solicitor and licensed conveyancing firms with whom…

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