Flotation gives software firm a key to acquire rivals

Irish-based software localisation company Keywords Studios launched the largest technology flotation on the London alternative investment market yesterday.

The initial public offering will give the company an overall valuation of £49.2m (€57m).

The offering is expected to make company founder, Dublin man Giorgio Guastalla, a wealthy individual. However, how much of his holdings in the company he will sell is unknown and he will stay on as a non-executive director.