12 Aug 2014

Vista to spend on acquisitions

7:43 am on 12 August 2014

The global cinema software developer, Vista Group International, will use some of the funds it raised in its float to broaden the range of software it offers.

Shares in the New Zealand-based company debuted on the NZX on Monday $2.40 per share, compared with the issue price of $2.35.

The price rose through the day, closing at $2.55.

Vista will use $40 million, of the $92 million raised in the float, for acquisitions and development.

The chief executive of Vista, Murray Holdaway, said the company was keen to broaden its focus beyond the retail and management side of the cinema business.

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Photo: PHOTO NZ