Due to the retirement of the owners Hilco Valuation Services is seeking offers for the business and assets of Columba Systems Limited. It is anticipated that the business will be sold on a debt free, cash free basis.
This is an opportunity to purchase a leading provider of highly accurate international future financial event data to both sell-side and buy-side institutions. The Company’s customers have included some of the world’s largest investment banks, leading fund managers and hedge funds.
Columba offers a range of innovative products and solutions including web based calendar applications; XML data feeds; synchronization with MS Outlook™ calendars and data extracts in Microsoft Excel™ format.
The Company employs a team of experienced analysts who collect highly accurate and detailed information about upcoming financial events for listed companies in North and South America, Europe, Asia, Middle East and the Emerging Markets.
Columba has suffered from declining revenues over the past few years but still generated licence fees in the order of £125,000 for the years ending March 2020 and 2021.
The existing owners wish to retire and are therefore now looking to dispose of the Company’s business and assets. The opportunity represents an
excellent bolt on for a similar or sector related organisation.
The Company currently employs 5 data analysists. The owners are happy to assist the purchaser in facilitating a transfer of operations but wish to leave the Company
Deadline for Offers: Friday 25 November 2022 at 12 Noon GMT.
All expressions of interest and offers are to be directed to Hilco Valuation Services in writing. Please contact Hilco to gain access to a virtual data room of further information which will be provided on signing of a confidentiality agreement.