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Software Circle Recovers Funds from Suspected Fraud Incident

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Software Circle Recovers Funds from Suspected Fraud Incident

Elevate Your Investing Strategy:

Grafenia ( (GB:SFT) ) has shared an update.

Software Circle plc has successfully recovered £426,770 following a suspected authorised push payment fraud incident affecting one of its operating units. The swift recovery was achieved through coordinated efforts with the banking institution and involved parties. The company assures stakeholders that the incident was isolated, with no breach of its systems or data, and emphasizes its commitment to strengthening internal financial controls to prevent future occurrences.

More about Grafenia

Software Circle plc is a UK-based company that acquires vertical market software businesses. The company focuses on providing founders with exit strategies while maintaining the entrepreneurial spirit and culture of the acquired businesses. Their strategy involves acquiring VMS businesses at appropriate valuations, supporting their organic growth, and reinvesting generated free cash flow into further opportunities.

Average Trading Volume: 244,186

Technical Sentiment Signal: Buy

Current Market Cap: £109.2M

For detailed information about SFT stock, go to TipRanks’ Stock Analysis page.

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