Acquisition

RNS Number : 5292W

GRC International Group PLC

01 August 2018

 

1 August 2018

GRC International Group plc

("GRC International" or the "Group")

Acquisition of www.gdpr.co.uk

GRC International Group plc (AIM:GRC), the one-stop shop for cyber security and data compliance products and services (including GDPR), is pleased to announce the acquisition of the domain, web platform, customer list and goodwill of www.gdpr.co.uk by IT Governance Ltd (the largest operational subsidiary of the Group) from Wonde Ltd (the "Acquisition").

The Acquisition will be settled by a total cash consideration of £175,000. The Group will be enhancing the platform by making relevant books, e-Learning and DPO services available across the www.gdpr.co.uk website during August and the Acquisition is expected to provide the Group with additional monthly sales of approximately £10,000. During the six months which www.gdpr.co.uk has been operational, it has generated sales of approximately £95,000.

Enquiries

GRC International Group plc Alan Calder (CEO) Chris Hartshorne (Finance Director)	www.grci.group [phone]
Grant Thornton UK LLP (Nomad) Philip Secrett / Jen Clarke	020 7383 5100
Dowgate Capital Stockbrokers Limited (Broker) James Serjeant	020 3903 7717

 

END

 

 

ACQPBMITMBTMBBP