Deal delay to drag Escher sales down 15%

Annual revenue for 2014 at Irish-American specialist technology firm Escher Group is set to reduce 15% on a year-on-year basis due to the business failing to conclude a pending deal, as expected, prior to the end of the year.

In a brief trading update, the Dublin and Boston-based group said a sizeable licence agreement did not conclude before year-end.

The group mainly specialises in point-of-sale e-commerce software for leading international postal agents and other businesses,