Business
Why all eyes will be on the ELMO Software (ASX:ELO) share price on Thursday
The ELMO Software Ltd (ASX: ELO) share price will be one to watch on Thursday following the release of a big announcement after the market close today.
What did ELMO announce?
This afternoon ELMO announced that it has made another acquisition in the United Kingdom.
This follows the acquisition of UK-based human resources platform provider, Breathe, in October for an initial payment of 18 million pounds (A$32.4 million).
On this occasion, ELMO has announced the acquisition of Webexpenses, a high growth, cloud-based expense management solution.
Management notes this acquisition provides ELMO with highly complementary technology, as well as a large customer base, accelerating its mid-market expansion in the UK.
Furthermore, the…
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