Exact Systems suspends works on IPO

Business services firm Exact Systems suspended its works on IPO, the company said in a market filing. It is now looking for other options to raise capital. “The management of the company is currently in talks with potential investors,” the filing said, adding that IPO in the future is still possible. Exact Systems specializes in the automotive sector operates in 10 European countries and China, making it one of the biggest quality control companies in Europe. It is majority-owned by Work Service.