Market reacts well to Anite’s possible disposal

Would leave it free to concentrate on core testing business

progressive improvement in handset testing - humphrey

UK phone testing specialist, Anite, is rumoured to be talking to private equity company, LDC, about the possible sale of Anite Travel. This division offers software solutions for online booking to leisure sector firms via its @com reservation system. The company LSE listed company  initially announced back in February [2014] that it was thinking of divesting itself of the division.  Anite Travel, accounted for about 15 per cent of the group’s total revenue of £132.5m in the year to April 30th 2013. In a statement, Anite CEO, Christopher Humphrey observed, “The second half of the year has seen a progressive improvement in handset testing trading, as certain of the revenue catalysts we identified at the half year have started to bear fruit.”

The Sunday Telegraph reported that both the Carlyle Group and ECI had expressed an interest in Anite travel business.

Anite has also reportedly said that trading in handset testing was positively impacted by a number of technology and customer-related catalysts.

Humphrey also stated that, “Market conditions for handset testing continue to make it difficult to predict the precise timing of orders.

“However we are more encouraged by prospects for handset testing for the first half of the new financial year compared to those experienced last year.”

Naturally any disposal of Anite Travel would enable the company to focus more on its mobile and network testing strengths.

This morning [May 12th 2014] Anite was trading at 90.50 pence which was up 9.04 per cent (7.50 pence).

About Dave Evans

Dave Evans is a long established commentator on both the IT and cellular industries. His current focus is on share price trends within the sector. You can email him here
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