StockMarketWire.com - Mercia Technologies said it had sold one of its largest direct investments, Science Warehouse, to Advanced Business Software and Solutions for £16.9m.

Established in 2000 and a spinout from the University of Leeds, Science Warehouse was a provider of spend management and eMarketplace systems to commercial, government, higher education, NHS and housing customers, Mercia said.

Cash proceeds would be reinvested 'over time' into both the company existing and future 'emerging stars', it added.


At 9:11am: [LON:MERC] Mercia Technologies Plc share price was +1p at 38.5p



Story provided by StockMarketWire.com