We have been keeping a close eye on Cambridge-based, ‘real-time locations solutions’ company, Ubisense, on account of the fact it was last year’s first UK SITS (software and IT services) IPO (see Ubisense gets off to fine start on AIM) after quite a hiatus on the LSE, and then undertook two acquisitions in quick succession (see here and here). We also happen to think it’s in an interesting space (so to speak).
Today’s trading update indicates that Ubisense finished 2011 ‘in line’, though we won’t hear the full story till early March. I wasn’t overly excited about its profitability at the halfway stage (see Margins slip at Ubisense maiden interims) but there’s a couple of moving parts to this business which are rotating at different speeds, so we’ll have to wait till March to see the detail.