Watch List Update: ReadyTech (RDY) added.

readytech.PNG

ReadyTech, claimed as “a leading software as a service (SaaS) provider of mission critical people management systems” has just been added to the watch list, expected go live is April 17 at this stage.

A quick look at the prospectus shows the company has been around for 20yrs and is forecasting “$35.1 million in revenues and $14.6 million in EBITDA on a pro forma basis” for CY19F.

Asking $1.51 per share, there’s obviously some confidence in this being a strong proposition, but as always do your own research. You can take a look at the prospectus here.