Sumo Group Says New Business Pipeline Reaches GBP500 Mln

By Matteo Castia

Sumo Group PLC said Thursday that business remains strong and in line with management expectations as its pipeline continues to increase.

“The pipeline of new business development opportunities now comprises a total contract value in excess of 500 million pounds ($699.4 million), a significant increase on the GBP429 million figure at Feb. 28,” the U.K. provider of services to the videogames industry said.

The company also said it is pursuing a number of acquisition targets.

Write to Matteo Castia at matteo.castia@dowjones.com

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