Ann: Acquisition of Noventus, page-11

Agreed. This is what has attracted me to this company, as well as the growing portion of software / SaaS revenues and annuity style revenue streams in a very attractive market space. I never viewed the valuation as overly demanding for a business with such a strong balance sheet (net cash position!), strong growth pipeline and the stated reduction in sales cycles. This is what makes recent performance issues so disappointing, particular against the messaging communicated to shareholders in the latest results presentation: 'Record pipeline positions Citadel for a strong H2 FY19 and beyond'