GlobalData snaps up labour market specialist LinkUp

13th Nov 2024 08:34

(Sharecast News) - AIM-listed analytics specialist GlobalData said trading remained on track on Wednesday, as it detailed its latest acquisition.

In a brief trading update, the firm said it had started the second half in a "strong financial position" and it continued to trade in line with full-year expectations.

It also confirmed the acquisition of LinkUp, a specialist in job market data that was founded in 2007.

GlobalData said the deal, part of an ongoing bolt-on acquisition strategy, would strengthen its strategic intelligence offering and bolster its position within the financial markets audience.

No financial details were released.

Mike Danson, chief executive, said: "This complementary acquisition offers our new and existing clients significant value by adding real-time proprietary technology that indexes millions of job listings."

Shares rose 1% in early trading, to 204.99p.

Billionaire entrepreneur Danson, who created GlobalData in 2016 through the consolidation of a several data and analytic firms, holds a near 50% stake in the business.