Readify readies for public float, page-4

Article in Fin around December
This business seems to look like Oakton which did reasonably well.
Revenue probably around $35 m by now.
A very small player in this space.

STREET TALK
Ords, Shaws on Readify IPO
PUBLISHED: 17 DEC 2014 01:04:46 | UPDATED: 17 DEC 2014 01:04:46
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Ord Minnett and Shaw Stockbroking have been appointed to explore an initial public offering for software development company Readify. The deal will kick off in early 2015 with the raise said to be about $30 million.

The IT services company last month completed a $7 million capital raising, a slice of which was invested into a partnership with user-experience design agency Folk.

Readify plans to slowly acquire more of the business, with an aim to own 100 per cent. Blue Sky Private Equity backed the deal, which was part of an aggressive growth strategy designed to blend those who develop complex coding with scale and those who design an attractive and simple user experience.

Readify’s managing director, Graeme Strange, who owns a 25 per cent stake in the company, said at the time an IPO was on the cards.

Readify generated over $27 million in revenue in 2013 financial year, which represented a 24 per cent compound annual growth rate since FY08.

The Australian Financial Review