Parseq chief makes takeover approach

Parseq chief makes takeover approach

Aim-listed mobile and online banking software outfit Parseq says it has been approached by a group led by its own chief executive, Rami Cassis, about a takeover.

In a brief statement responding to a jump in its share price, Parseq, which also provides outsourcing services to the financial sector, has confirmed the approach.

However, the vendor, which is being advised by Canaccord Genuity, cautions that "discussions are at an early stage and there can be no certainty that an offer will be forthcoming".

Parseq was created last year by the reverse takeover of Intelligent Environments by Documetric, which Cassis founded in 2007 through the management buyout of the data services bureau of Atos Origin.

Shares in Parseq were up 8.33%, or 0.5 pence, to 6.5 pence in morning trading.

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