mVISE

DB: C1VX

€34.1m market cap

€3.98 last close

Founded in 2000, mVISE is a pioneer in German mobile software solutions with a large blue-chip client base, including Vodafone, Bosch and Deutsche Telekom. The group specialises in mobile business solutions, virtualisation and cloud-computing, and security software. Consulting contributed two-thirds of revenues in 2016, and act as a driver of additional revenues including own software sales.

Investment summary

mVISE is a leading German provider of software solutions in the areas of mobility (apps, IoT, SalesSphere), virtualisation, integration (integration platform as a service, iPaaS), security and enterprise data. Acquisition of cloud software integration platform, elastic.io, has positioned the group strongly in a rapidly consolidating, high-growth segment. The recent acquisition of an SHS Viveon consulting team has added new consulting verticals, geographies and much-needed capacity. mVISE looks attractively valued on FY19e EV/EBITDA discounts of 31% to its consulting peers and more than 82% to its software peers.

Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual 14.4 42.7 (15.1)
Relative* 13.1 31.3 (9.6)
52-week high/low €6.3/€2.7
*% relative to local index
Key management
Manfred Götz CEO
Sonja Peisker IR