Wow, Vista - a leading supplier of ERP systems to large publishers - acquired Ingenta; a distributor of online products, in a reverse merger to form a new company called Publishing Technology Plc.
What does this mean?
1. Vista is now a publicly traded company on the London Stock Exchange's AIM marketplace. As a publicly traded company it will have access to the capital markets to fund future growth via acquisitions or increased R&D spending.
2. Vista is now a provider of distribution software for both printed and online products.
3. Access to Ingenta's 266+ publisher clients will likely facilitate increased sales of Vista book publishing software in the future.
4. Vista, now a $33M USD publicly traded company (based on Pro-Forma financials) has increased its competitive strength vs. Klopotek (a $23M company) and IBS Bookmaster; its two main competitors.
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