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Sound Energy plc

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Company Description

K3 is a leading global supplier of integrated business systems to retailers, manufacturers and distributors. It is a leading supplier of Microsoft's business solutions. K3 develops its own tailored software for companies within the food, retail and manufacturing industries.

Investment Summary

K3 experienced management change in 2016; the new team implemented a number of changes to strategic focus and style of delivery, aimed at better capitalising on the growing retail software opportunity. Recent results reflected that period of material change within the group as it looks to build a sustainable and balanced platform for own-IP software sales growth. We believe the heavy lifting has now largely been done, and the foundations are now in place for the next phase of delivery.

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