The Channel logo


By | Paul Kunert 1st May 2012 13:16

Advanced Computer Software gobbles Fabric Technologies

Bolts on managed service provider for £4.6m cash

Advanced Computer Software Group has acquired London-based services reseller Fabric Technologies for £4.6m in cash.

The firm will be incorporated into ACS' 365 Managed Services division, also based in the capital, adding some 160 mid-market clients in bank and other professional services.

Vin Murria, chief exec at ACS - a provider of healthcare and biz management software and services - said the buy played to its strategy of hoovering up bolt-on managed service providers.

She said Fabric's services unit, which includes hosting, DR and biz continuity, security, virtualisation and a unified comms package will "drive cross selling of managed services".

In the year to 31 December 2010, Fabric turned over £11.56m, up 40 per cent on its previous year, and reported profit before tax of £514,000, up from £203,000.

TechMarketView analyst Tola Sargeant said the deal with Fabric moves ACS "further away from its health and care roots but is a natural fit with [the Advanced Business Solutions] unit".

She added ACS is "in the mood to acquire further" and although buys will need to be core to the firm - health and care, biz solutions or managed services - "some more left field" purchases would not be a surprise. ®

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


Suit-and-tie-wearing man tries to meditate, take deep breaths in faux yoga pose. Photo by Shutterstock
Emotional intelligence, not tech skills, is the way to woo suits
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe