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Argus Solutions sale held up by patent issues

Argus Solutions sale held up by patent issues

Former business software and solutions company Argus (ASX:ASV) has announced that the sale of its once-core Argus Solutions business has been delayed.

The company, which intends to sell off Argus Solutions to an unnamed UK buyer, announced yesterday that there will be a “short delay” due to difficulties migrating the rights from a third-party IP licence.

Argus decided to sell off Argus Solutions after acquiring the print management arm of the Moore Group, electing to concentrate on that business.

ASV shares are today trading unchanged at $0.22.

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Tags IPsoftwareArgus SolutionsMergers and acquisitions

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