Vendman Systems sold for up to £4.25m
Vendman, a retail software developer based in Hazel Grove, Stockport, has been bought by Vianet Group Plc for up to £4.25m.
Vianet, which uses devices connected to its Internet of Things platform to provide data and business insight, will make an initial cash payment of £2m, with an earn-out element of up to £2.25m based on the achievement of EBIT targets in the first two years.
Vendman's software products include stock control, pricing information, data management, account analysis and route planning and it provides manageme... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...