UCS is looking to buy back point-of-sale company Argility, after selling it in 2007.
UCS, a JSE-listed company that provides retail solutions, has been shifting its focus back to offering its core retail suite of products.
It has streamlined its operations and is now focused on the retail value chain, from store to distributor, and aims to grow internationally, deputy CEO Dean Sparrow commented last year.
During the past financial year, the company sold several non-core entities, which included DiverseIT, the enterprise solutions division of UCS Solutions and TSS Managed Services.
It now wants to buy back Argility as part of its strategy to focus on the core retail sector, and believes this would result in cost benefits and synergies with the UCS Software Manufacturing division.
UCS has reminded shareholders that it is still in talks with management, and shareholders should be cautious when dealing in its shares. The company has, however, yet to make a firm offer to the Argility board.
Argility was unbundled on 21 September 2007. At the time, it said it would still benefit from a 10% share of future software licence revenues and an outsourced product development service.
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