UPDATE 1-Brady sees year profit, sales ahead of market view

* Buys Commodity Software for about 1.5 mln stg * Acquisition to add to co.'s earnings in 2009 * Sees no job cuts following acquisition

* Shares up 6 pct (Adds details)

Jan 12 (Reuters) - Brady Plc (BRDY.L) said on Monday it expected its full-year pretax profit and revenue to comfortably beat market estimates and it acquired software provider Commodities Software (UK) Ltd for about 1.5 million pounds plus the value attributable to working capital.

Shares of Brady were up 6 percent at 52.5 pence at 0845 GMT on the London Stok Exchange.

The acquisition amount comprises an initial 725,000 pounds and contingent payments totaling about 775,000 pounds payable over two years. The value of working capital was estimated at 100,000 pounds ($151,500).

The provider of risk management and settlement services to the metals and commodities sectors said the acquisition was expected to add to its earnings in 2009.

Brady does not expect the acquisition to result in any job cuts or cost savings due to the complementary nature of both the businesses.

The company had cash balances of 7.8 million pounds at Dec. 31, 2008, compared with 5.9 million pounds a year ago, it said.

An analyst was expecting the company to post an underlying pretax profit of 750,000 pounds on revenue of 5.9 million pounds for the year to end-December, according to Reuters Estimates. ($1=.6600 POUND) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Jarshad Kakkrakandy)