The 'Daily Mail'?s US operation is buying a risk management software firm for an initial payment of $65 million, to merge it with its UK company, Cartograph.
Harmsworth Publishing, the US unit of media group Daily Mail and & General Trust, will buy software developer Rick Management Solutions for $65 million plus payments of between $21 million and $145 million, depending on future finanical resutls.
It owns 40 per cent of UK-based Cartograph and has an agreement to buy the rest of the company, before it merges the firms. They both provide software to the insurance underwriting industry.
Risk Management made $400,000 profit on turnover of $24.2 million in 1996.
Instapaper to 'go dark' in Europe until it can work out GDPR compliance
James Robbins of ArrowXL says that AI is no longer 'tomorrow's technology'
Staff told to beware of "unusual sounds" after an employee reported mystery symptoms
Sophisticated malware comprises code previously used to attack Ukraine