Small caps round-up: Nasstar, Good Energy, Tangent Commuications

Nasstar, which describes itself as a cloud services provider, has announced that Garnes Data, a Norwegian service provider, has joined Nasstar's partner programme to distribute the Hosted Desktop service. The company will start to receive revenues from the partnership soon, it said. The firm believes Garnes Data is in an ideal postion to be a successful distributor for it in the Nordic Markets.

By MoneyWeek

published 24 October 2012

Renewable electricity firm Good Energy has said it is raising its electricity prices by an average of 9% on December 5th, following four years without a price rise. The change is primarily due to the costs of upgrades to the electricity grid. These costs have gone up by more than 50% over the past four years and affect both unit rates and standing charges.

Tangent Commuications has announced the acquisition of Goodprint, a multi-national online company, for consideration of £6.8m net of cash. The purchase will be partly funded by way of a £10m placing, in which Tangent directors are to subscribe for 30% of the shares. The shares were bought for 10p each. The remaining proceeds will be used to accelerate investment in online growth for the printed.com, goodprint.co.uk and smileprint brands.