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Acquisition of web monitoring business for up to £1.7m

05 Aug 2011

NCC Group plc (LSE: NCC, “NCC Group” or “the Group”), the international, independent provider of Escrow and Assurance Services, has acquired Axzona Limited, a Scottish website monitoring company, for a consideration of up to £1.7m in cash.

The initial consideration for Axzona‘s technology is £1.2m, with two further payments of up to £0.5m in total, over the next 24 months against performance related targets.

NCC Group expects to benefit from the complementary monitoring technology developed by Axzona, which will be incorporated into Site Confidence’s range of website performance services.  

Enquiries:

NCC Group  (www.nccgroup.com) 
0161 209 5200
Rob Cotton, Chief Executive  
Atul Patel, Finance Director 
 
College Hill 
020 7457 2020
Adrian Duffield / Rozi Morris 

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