Accumuli (AIM:ACM) – nice little bolt-on acquisition
The AIM quoted IT security solutions and services provider enhances its Big Data Monitoring and Analytics capability...and gets some Splunk!
ACM has acquired the entire issued share capital of Eqalis Limited for net consideration of £1.9m, with a large element deferred (see below). Eqalis is a leading IT solutions provider focused on Big Data Analytics which help organisations monitor, manage and gain end to end visibility of their security and operational risks. Eqalis is Splunk’s (it’s got to be good with a name like that!) leading UK partner and the deal adds significant Splunk (http://www.splunk.com/) expertise to the Group’s proposition. Splunk is a US$7bn mkt cap Nasdaq listed business. There is cash consideration of £0.7m (net) payable on completion, with…