It seems they are divesting to focus on building their Skyware Logistics software business which has been growing rapidly in Europe with planned expansion to Asia.
$6m from the Condat Media sale would go well to support the growth and expansion of Skyware and turn IVO into a focused logistics software play... think GSW and YOJ. Combined with their experience in data for retailers, this could peovide a somewhat competitive advantage if deployed smartly.
I expect a re-rate soon.
IVO Price at posting:
0.9¢ Sentiment: Buy Disclosure: Not Held
