Computer Software Group (CS Group), the acquisitive VAR, has bought its second software-for-lawfirms specialist.
This time around it has bought Laserform, an apps developer for law firms, for £4.8m - £4.3m cash and £500K in shares. Laserform also has £1.5m in cash, so that brings down the effective purchase price to £3.3m.
Laserform employs over 60 staff in London, Lymm (Cheshire) and Bristol. It claims 3000 customers and made £500K PBT on c. £4m t/o in its last financials.
Last month, CS Group bought AIM, the Hull developer of practice management software for law firms for a reported £5.3m. ®