Investor builds stake in Datalex, triggering sale rumours

Nick Furlong and his firm Pageant now own 9.5 per cent of the troubled software company

Barry J Whyte

Chief Feature Writer @whytebarry
22nd December, 2019
Investor builds stake in Datalex, triggering sale rumours
Nick Furlong has been building up his position in Datalex

Low-profile Irish investor Nick Furlong has been building his stake in troubled Irish software firm Datalex, triggering rumours that the company might be a take-out target in the future as it looks to raise cash to repay loans.

Over the last few months, stock exchange filings show that Furlong has been building up his position in Datalex. The company‘s share price collapsed this year amid revelations of serious accounting irregularities.

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