This week we are tipping an Austria software developer which is active in the business process space. Founded in 1988 it listed in Frankfurt in 1999 but it has its head office in Austria.
It is regarded as one of the leading software and cloud document specialists in Europe, with a suite of proprietary digital systems for document intensive business processes. It is not a giant, with less than 500 people on the payroll, but it has a good presence in the central European IT market.
Shares are up 20.45% in the last year and recently hit a 52 week peak at EUR 24. There has been a modicum of retracement since then. Like Germany's LPKF Laser & Electronics, which we covered earlier this week, this tech company also has scope to rally back to previous highs reached in 2021. It could be significant. We bought in at EUR 22.50 for our longer term buy and hold list.
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