- Video game developer Sumo Group said it was exploring acquisition opportunities, and expected to deliver full-year results in line with market expectations.

'The group continues to operate with positive cash balances which are in line with management expectations,' the recently-listed company said.

'We continue to execute on our stated organic growth strategy, and, given the fragmented nature of our market, we will also look to accelerate growth by exploring suitable acquisition opportunities.'

Chairman Ken Beaty said in speech notes for the company's annual general meeting that the Association for UK Interactive Entertainment reported that the global software market was expected to grow from $137.9bn in 2018 to an estimated $180.1bn by the end of 2021.

'This leaves us full of optimism for the future of our business,' he said.

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