Infomedia CEO Jens Monsees has closed the door on tyre-kickers after receiving several non-binding offers last year, saying he will only entertain genuine offers.
“[Interested parties] need to be sure they can fund the deal, and they have to be willing to pay a certain price . If there’s someone [who meets those criteria], we will engage,” he said.
Despite being profitable and paying a dividend, the business was still punished by investors last year, with its shares down 23.5 per cent in the year. It suffered big share price falls when it became apparent no official bids were likely to be lobbed by its suitors in September and early October.
“We’re strengthening development teams and learning to say no to customisation projects that are one-off and don’t give us sustainable and recurring revenue.” The experience working in a digital role at a major automotive company made him want to take on the role at Infomedia.
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