Acquisition of IMeasureU Limited
Adds new dimension to strong, profitable Vicon business.
Will further increase, over time, the Group’s recurring revenue base.
Oxford Metrics plc (LSE: OMG) the international software company servicing government, life sciences, entertainment and engineering markets, is pleased to announce the acquisition of IMeasureU. Using wearable sensors and its own proprietary software, IMeasureU has developed a world-leading high-fidelity motion measurement system which enables researchers and elite athletes to gain data-driven insights into athletic performance. The Directors believe this acquisition will contribute to the Group’s five year strategic growth plan by expanding Vicon’s addressable market, accelerating its ability to develop new Vicon product, opening up opportunities to cross-sell, and by further increasing over time the Group’s recurring revenue base.