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Brady continues to make progress

By BFN News | 08:46 AM | Monday 30 April, 2012


Brady - a leading provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors - has continued to make progress in the year to date. The group says it has already signed two new significant licence deals and looks forward to announcing further new deals in the coming months. Chairman Paul Fullagar said: "The board is pleased to report very positive feedback from customers, market analysts and employees following the successful acquisitions of both Navita just seven weeks ago and of syseca in February. "Much of the integration planning and activities were undertaken prior to the completion of the acquisitions and the plans were finalised swiftly following acquisition. "The remaining integration activities are in the process of being completed. "The board is particularly pleased with the enthusiasm and commitment from our new colleagues in supporting early completion of this process. "These two acquisitions are now operating with Brady's existing energy business under a single management team, with a clear growth strategy and with detailed operational and financial plans to execute. "Whilst the European economies appear to continue to be affected by recession, the general economy in the US seems to be showing some early signs of recovery." At 8:46am: (LON:BRY) Brady share price was +0.25p at 85.75p Story provided by StockMarketWire.com