This niche software company is in great shape (Updated)
This platform-centric software business had a challenging time at the start of the pandemic, but investment in a new digital offering should drive an acceleration in activity, further boosted by the recent 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 to support growth. (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.
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