7 July 2011 – acquisition
Identity management specialist GB Group has acquired Data Discoveries (DD), a provider of trace software to Government and the debt collection industry, for £0.61m. The activities of DD are similar to those of GB’s existing ID trace business which has shown significant growth over the last two years. Management believe that the combined business will be the market leader in this developing market and the acquisition is an excellent strategic fit. The shares remain a BUY.