Craneware chief ups stake in healthcare tech firm

Keith Neilson, the chief executive of Craneware, has lifted his stake in the Edinburgh-based software company that he co-founded in 1999.
By The Newsroom
Published 20th Sep 2016, 09:10 BST
Updated 5th Oct 2016, 14:18 BST

This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.

Keith Neilson now has a 13.1% stake in Edinburgh-based Craneware. Picture: ContributedKeith Neilson now has a 13.1% stake in Edinburgh-based Craneware. Picture: Contributed
Keith Neilson now has a 13.1% stake in Edinburgh-based Craneware. Picture: Contributed

In a notice to the stock exchange, Craneware – which develops billing software for the US healthcare market – said Neilson bought 5,388 shares yesterday at a price of 1,200p each.

The £64,656 purchase brings Neilson’s holding in the Aim-quoted business to more than 3.5 million shares, representing a stake of about 13.1 per cent.

Read More
Craneware '˜stronger than ever' as profits rise 10%
Hide Ad
Hide Ad

The move comes after the company said earlier this month that it was in a “stronger position than ever” as it unveiled a 10 per cent rise in pre-tax profits to $13.9 million (£10.7m) for the 12 months to the end of June, on revenues 11 per cent higher at $49.8m.

Craneware employs about 250 people, of whom 120 are based at its Tanfield headquarters in Edinburgh. Next year will mark the tenth anniversary of its flotation on Aim.

Click here to ‘Like’ The Scotsman Business on Facebook

Related topics:EdinburghFacebook