Original URL: http://www.channelregister.co.uk/2006/06/27/computer_software_group_buys_laserform/
Computer Software Group buys Laserform (the company)
Gets legal
Posted in IT Channel, 27th June 2006 14:45 GMT
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Computer Software Group (CS Group (http://www.computersoftware.com)), 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. ®