Guscio, a technology company focused sports data has today begun trading on the alternative investment market (Aim) of the London Stock Exchange.
The firm has bought two businesses – Sportsdata and Dataplay – for around £2.5m. Guscio purchased the two tech companies by issuing new shares, and also raised £1.5m with a placing of 37.5m new shares.
Sportsdata is a web-based platform designed to track and assess progress in physical literacy in primary schools and Dataplay is a white-label platform for the “tracking, assessment and evidencing of performance in sports", according to Guscio.
“With obesity being a well-documented, rising issue amongst children, we sought to utilise our expertise and specialist skillset to develop a proprietary technology that we believe will provide a better outlook for children across the country, enabling them to live longer, healthier and happier lives,” said Guscio’s managing director, Gail Ganney.
“Guscio’s two acquisitions of revenue generating technology companies provide the platform from which to deliver this goal.
“The strong market dynamics, coupled with our proprietary technology and strong partnerships continues to create new opportunities for our expanded group. Having identified the potential of the data repository we are accruing, we hope to be able to capitalise on what we believe is a first mover advantage and generate maximum value for our shareholders.”