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Frontier Gains Elite Rights; Braben to Sell Frontier Stock

Develop has news that Frontier Developments acquired software and IT consultancy Professional Practice Automation on Tuesday in a deal worth 5.09m, a deal which, besides the other assets of the company, also includes the rights to the Elite franchise, as Frontier is currently developing Elite Dangerous, a crowd-funded new installment in the space combat series. They also report that Frontier founder David Braben now plans to sell up to 1.6m shares in Frontier Developments, which they say represents a little over five percent of the company. Besides holding the Elite rights, Develop says PPA develops software "currently in use on thousands of seats across accountancy practices in the UK."

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