Maxima Holdings, the Scottish software services company, is buying Ringwood for £2.9m, of which £2.2m is cash and the rest is new shares.

Ringwood is based in Aylesbury and supplies content management and document archiving software to big organisations. It claims 200 clients and turned over £3.2m for the year to 31 March, 2005.

Maxima was formed last year as a AIM-listed vehicle to buy small-ish enterprise software firms. Its first acquisition was Azur, a SAP reseller bought in October 2004 for £16.7m. ®

Press release