Software firm pays £1.6m in IP deal
Castleton Technology, the software and managed services provider to the public and not-for-profit sectors, has paid £1.6m to acquire the IP of the platform of its modelling solution.
In 2015 Castleton acquired Brixx Solutions, which had a platform that enabled users to produce financial models and long-term forecasts.
Castleton continued to pay a licence fee to Brixx International but has now used an option to buy the IP, which wil save it around £300,000 a year.
The Sutton Coldfield-based group, which is listed on the Lond... 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...