Small QPR Software (OMXH: QPR1V) was one of the few reporting companies last week to get a lift from quarterly numbers. The management software developer, which has offerings for performance management, process modelling and analysis plus for risk management and compliance, reported net sales of 3.6 million and operating margin of 9.5%. The company is guiding faster growth and 10% operating margin for 2011.
QPR noted it is purchasing 100% of its co-operation partner Nobultec Ltd, which is a consulting company focused on process automation for companies using SAP AG products. The acquisition brings new SAP system expertise into QPR for the price of 0.7 – 0,8 million Euro. Nobultec has 12 employees and annual sales of 1.14 million for 2010.
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