AIM float to raise £3m for Hamsard


AIM float to raise £3m for Hamsard

Managed services provider Hamsard Group has given details of its proposed AIM offering, which it hopes will raise £3m to fund expansion.

Set up in 2002 and trading mainly in the UK, Hamsard provides software solutions and services in three sectors via three trading subsidiaries:

  • Synartra provides network security software products
  • Panopticon offers business intelligence applications
  • iRevolution provides managed services for companies wishing to outsource their technology requirements

AIM funding will help develop the group’s channel partner network, furnish additional working capital and provide flexibility in financing growth.

Hamsard said its business strategy was to build a wider portfolio of products and services in existing technology sectors, align its product offering with channel partners’ requirements, further develop channel partner relationships, strengthen the focus on cross-selling software and managed services, continue developing core software solutions at low cost in wholly owned or managed offshore development centres, and acquire complementary businesses.

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