Enterprise content management company, Objective Corporation has announced the acquisition of UK software-as-a-service (SaaS) provider Limehouse Software in a deal which Objective says will help it to accelerate its growth in the public sector market.

“The acquisition is expected to be earnings per share positive and will be funded from
existing cash reserves and new facilities,” Walls said.

Walls also maintained that the acquisition of Limehouse provided “an excellent opportunity to accelerate Objective’s growth”, and, he said, the purchase was in line with Objective’s long-term strategy of combining organic growth with strategic acquisitions “to extend our geographic and vertical market leadership.”

“Of further strategic importance, Limehouse has a proven and profitable software-as-a-service model, completely hosted in the cloud. This is the first of many solutions Objective will deliver via this model.”

According to Walls, the acquisition extends Objective’s market share and capability in the public sector market where, he said, Limehouse products helped customers improve the efficiency of their operations and record keeping obligations.

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