Picardy has ambitions to expand itself geographically

By Polly Fergusson Picardy Media, a company that provides digital media services such as internet training and health and safety DVDs, is looking to raise £7m from institutional investors and list on the Aim market, valuing the company at £25m. Scottish-based Picardy, which already has around 60 customers including BT, PowerGen, the BBC and Standard Life, will be using the money it raises to acquire companies outside Scotland and increase its geographic spread. The company is about to announce one acquisition and is in discussions to buy several more. Iain Hogg, managing director, conf...