Recently IPO’d, Cambridge-based, ‘real-time locations solutions’ company, Ubisense, did not need to use its whizzy software to locate its second acquisition as a listed company – it was in the same building!
Having partaken of InMaps barely a week ago (see Ubisense integrates InMaps), Ubisense has now acquired the slightly loss-making UK arm of Netherlands-based geospatial information systems consultancy, Realworld OO Systems. Ubisense will pay up to £2.4m cash for Realworld, which turned over £2.8m in the year to 31st March 2011.
While Realworld will give a useful boost to Ubisense’s top line, it would have been nice if it could have done something useful for its bottom line too (see Margins slip at Ubisense maiden interims). So let's assume for now that Ubisense is in ‘post-IPO investment mode’ and that wonderful things will eventually emerge. Like profits.