The Channel logo


By | Team Register 8th March 2013 14:04

Advanced Computer Software gulps down Computer Software Holdings

Kerching! ACS splashes £110m cash in buyout of CSH

Advanced Computer Software Group has hoovered up accounting software outfit Computer Software Holdings from HgCapital LLP for £110m in an all-cash deal.

The healthcare and biz management software and services firm added that the buyout of CSH was the company's biggest acquisition to date.

“The business and many of the management team are well known to us which will simplify the integration process," said ACS chief Vin Murria.

“CSH has strong recurring revenues and cash generation and proprietary software IP. The addition of this business will enable us to widen our addressable markets and, in particular, to grow our back office solutions capabilities."

ACS expects to see its net debt plummet following the takeover and also hopes to see more opportunities for cross-selling its portfolio of products and services.

Separately, ACS said in a trading update that it expected sales for the year ended 28 February to climb to £119m, up 21 per cent when compared to the previous 12 months. ®

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


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe