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Nasstar to acquire Denara Holdings for £13m

By BFN News | 07:24 AM | Tuesday 17 December, 2013

Nasstar Plc, which provides hosted desktop cloud computing, confirms the proposed acquisition of Denara Holdings Limited for a total of £13m, including £9m cash and £4m in new shares. Denara is a holding company for its sole operating subsidiary,, a hosted desktop and managed services provider. The enlarged group would benefit both from the investment Nasstar has put into creating its hosted desktop solution and web based administration system and from the disciplined sales and marketing strategies has developed. Separately, Nasstar booked an H1 pretax loss of £0.57m, from a loss of £1.3m six months earlier. Story provided by

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