Indata to launch IPO and plans acquisitions

Indata Software Group has been preparing IPO and the transfer of its shares from the NewConnect to the Warsaw Stock Exchange major market, the company informed. Indata is planning to transfer its shares in the first half of 2015. The firm is also considering further growth by acquisitions. It has been conducting due diligence research in nine entities which whom it singed letters of intent last year. The group recorded revenues valued at PLN 57.9 million in 2014, a growth of 232%.