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Date: Friday 22 Aug 2008

LONDON (ShareCast) - IT staffing group Parity advanced after Aim-listed rival Xpertise received a 150p bid from privately-owned QA-IQ. Xpertise recently agreed the acquisiton of Parity's training division for £4.775m, but a condition of the offer from QA-IQ is that this deal is cancelled.

QA-IQ's offer is worth 150p, a 95% premium to yesterday's closing price for Xpertise, and values the group in total at £8.7m including outstanding options.

QA-IQ, which is currently owned as to approximately 65% by funds managed by Englefield Capital and 35% by its management, claims it has already received the support of 46.4% of Xpertise shareholders for its offer.

FTSE TechMARK - Risers
Parity Group (PTY) 32.00p +4.92%
Pace (PIC) 90.00p +3.15%
Vernalis (VER) 4.00p +3.09%
Oxford Biomedica (OXB) 10.25p +2.81%
ServicePower (SVR) 5.25p +2.34%
Xaar (XAR) 113.50p +2.25%
BTG (BGC) 222.50p +2.06%
KCOM Group (KCOM) 39.75p +1.92%
Elan Corporation (ELA) € 8.97 +1.87%
Sinclair Pharma (SPH) 60.00p +1.69%

FTSE TechMARK - Fallers
Inion (IIN) 8.00p -5.88%
Emblaze (BLZ) 29.50p -4.84%
Renovo Group (RNVO) 35.00p -4.76%
Turbo Power Systems (TPS) 2.50p -4.76%
DRS Data (DRS) 20.50p -4.65%
Gresham Computing (GHT) 68.50p -3.86%
Fidessa (FDSA) 953.00p -2.41%
Biocompatibles International (BII) 165.00p -2.08%
NCC Group (NCC) 366.00p -2.07%
Morse (MOR) 38.50p -1.91%

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