Innovise to join ‘Dearly Departed’

After five years as a public company, Vin Murria is to pull her ‘other’ buy and build vehicle, Innovise, off AIM, citing low share liquidity and high listing costs. We have many times commented that Innovise did better with the ‘buy’ than the ‘build’ (see Innovise yet to purr sweetly), having consumed over a dozen acquisitions since 2002. Meanwhile, Innovise reported its half-time results (to 31st March), showing 25% headline revenue growth to £10.1m and operating margins down nearly a point to 3.6%. Perhaps ‘sell and consolidate’ will now be the order of the day?