London Stock Exchange today welcomed essensys plc to trading on AIM

London Stock Exchange today welcomed essensys plc to trading on AIM.

essensys is the leading provider of mission-critical software-as-a-service platforms and on-demand cloud services to the high growth flexible workspace industry. Trading under the ticker “ESYS”, essensys successfully raised £28 million from leading investors, valuing the Company at £72.6 million on Admission. essensys is embedded within the rapidly growing, global, flexible workspace market and is benefitting from early mover advantage and deep industry integration. This is reflected in strong SaaS metrics, high recurring revenues and a track record of consistent growth since the launch of its first product, Connect, in 2010. essensys is strategically positioned to benefit from growth in the market by utilising its comprehensive solutions and continuing to extend its geographical reach. essensys has grown significantly since its incorporation in 2006, both organically and through acquisition, and currently employs over 70 people with offices in London, New York and Los Angeles, in addition to an offshore development centre located in Hanoi, Vietnam. essensys has demonstrated strong financial performance, with revenues growing to £16.4 million in FY18, while it enjoys high recurring revenues and excellent pipeline visibility to support its continued growth.

Mark Furness, CEO and Founder of essensys, said:
"Today is a landmark day for essensys, marking the start of the latest and most exciting phase of our journey to date. The positive reception we have received from investors has been hugely encouraging, and serves as an endorsement of the strength of the business we have built as well as the significant long-term opportunities that lie ahead of us as a UK-listed company with global ambition.

"I want to thank everyone who has helped essensys achieve this successful flotation, especially our committed, passionate employees who are the true heartbeat of our business, and our loyal customer base who have allowed us to play an exciting role in the evolution of the flexible workspace industry."

N+1 Singer acted as sole placing agent and has been retained as Financial Adviser, Nominated Adviser and Sole Broker. FTI Consulting acted as communications adviser.

Quick facts

Market: AIM
Instrument market cap (£m)
Listing/Admission to trading
29 May 2019
Looking for new and recent issues?

More recent

London Stock Exchange welcomes Light Science Technologies Holdings plc

Today, London Stock Exchange welcomes Light Science Technologies Holdings plc (“LSTH”) to trading on AIM under the ticker LST. In October 2021, LSTH successfully raised gross proceeds of £5 million (the “Placing”) and the Company’s market capitalisation on admission was approximately £17.5 million.

The net proceeds of the Placing, which are receivable by the

Learn more
London Stock Exchange welcomes JAXUSA Partnership and JAX Chamber

London Stock Exchange today welcomes the Jacksonville, Florida, delegation to open the market during their seventh annual sales mission. The delegation supports the mission of JAXUSA Partnership, a division of JAX Chamber that serves as Jacksonville’s regional economic development organization.


Learn more
London Stock Exchange welcomes Tortilla Mexican Grill plc to AIM

Tortilla Mexican Grill plc (MEX), the largest and most successful fast-casual Mexican restaurant group in the UK, began trading on Friday 8 October on London Stock Exchange’s AIM. The IPO raised £5.0m of gross proceeds, and upon Admission the Company’s market capitalisation was £70.0m.

Tortilla offers a high-quality, affordable and freshly prepared Californi

Learn more
London Stock Exchange welcomes Oxford Nanopore Technologies plc to the Main Market

London Stock Exchange welcomes Oxford Nanopore Technologies plc to the Main Market of the London Stock Exchange. Founded in 2005 by Gordon Sanghera, Spike Willcocks and Professor Hagan Bayley, Oxford Nanopore has developed a new generation of nanopore-based sensing technology.

Oxford Nanopore’s long term goal is to bring the widest benefits to society throug

Learn more