The Channel logo

News

By | John Oates 17th June 2005 14:57

Scottish reseller sold to Sopra

Auld alliance...

Scottish consultancy Newell & Budge has been sold to French firm Sopra for £45m. The deal is described as a merger and the new firm will trade as Sopra Newell & Budge in the UK.

Ann Budge and Alison Newell started the business in 1985. Newell retired in 2001 and an MBO gave many staff an equity stake in the firm. It should make sales of between £37m and £38m in 2005, 20 per cent growth on last year. Staff will share £6.75m as a result of the deal.

Budge told the Scotsman she had been approached by Sopra and it was "clearly hard not to be delighted". Budge will stay on to run the business.

The 20-year old company employs 600 UK staff and 100 people in Delhi through subsidiary Momentum.®

Related stories

TSG buys another Scottish reseller
TSG buys Yorks dealer
Fibernet dips on tough outlook

alert Send corrections

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me