$CAG ASX - Cape Range going for a run?

I haven't bought but thought it might be one to watch for a bit.

Had to go to their website to see what they do. Seems CAG bought out Biztrak which builds SAAS accounting and BI tools for SME's. Not a bad space to be in if the economy turns. Businesses cant as easily decide to cut back on their accounting software as easily as reducing headcount and other discretionary type costs such as travel etc.

From their website: Biztrak has performed with audited EBITDA of over $500K p/a for a number of consecutive years and Cape Range now holds 100% of the Company meaning its revenues and the existing customer base of 37,000 users from 18,000 SME’s in 18 countries.

BIZTRAK was founded in Malaysia in 1995 and is now an established and profitable software development company specialising in accounting and business intelligence software. Their software is used by over 18,000 SME’s in all types of industries, in 18 countires.

Biztrak developed their e-Bridge software solution to seamlessly integrate data from other systems and companies, in multiple countries and currencies, so they could integrate and centralise key business information in real time. e-Bridge complies with both Goods & Services Tax (GST) and Value-added Tax (VAT) regulations and the International Financial Reporting Standards (IFRS). Using electronic data exchange to centralise all this information, provides management with an extremely valuable tool that greatly improves business intelligence to support their decision making.

Biztrak currently have over 37,000 users from SME’s across all industries including retail, trading, logistics, healthcare, e-commerce, manufacturing, financial sectors, and higher education.

Biztrak customers are mainly in Asia, with the majority of current customers located in Malaysia, Brunei and Singapore. Biztrak sees the Australian and New Zealand markets as the logical next stage for the growth of its business with the launch of its SaaS offering.