Integrated retail solutions provider Prologic is planning to launch an initial public offering (IPO) on the alternative investment market.
The company specialises primarily in stock management systems and supporting applications for specialist fashion retailers. Its customers include Liberty, Ted Baker, East, Hobbs, Jigsaw, Space NK, Fat Face, Reiss and Pilot.
The IPO is understood to be slated for June 25, and will be the first in a series of flotations designed to launch the company into overseas markets. The initial flotation will be used to release the company from venture capital control.
Prologic managing director Sam Jackson said: ‘The investors were happy to stay in, but the float gives customers confidence over the stability of the company in the future. We will also be looking for new money in the future, because there is a real opportunity to deliver our products internationally.’
Prologic will also be developing ways to deliver its flagship stock management solution CIMS on an application service provision (ASP) model. ASP applications are not bought and stored internally, but paid for on a per-use basis and accessed remotely from a server owned by the supplier.