Anite Group PLC
5 January 2000
ANITE GROUP PAYS £2.2 MILLION
FOR LOCAL GOVERNMENT SOFTWARE BUSINESSES
Anite Group plc (the 'Company'), the IT consultancy, software
and services business, announces that its wholly owned
subsidiary, IMASYS Local Government Limited, has acquired part
of the Local Government Solutions business of Bull Information
Systems Limited (comprising the OHMS Business, the OFMS
Business and the ORBiS Business) for a purchase price of £2.2m
in cash payable on completion.
The combined sales of these businesses in the year to 31
December 1998 were £4.2m with a loss before tax of £71,000.
The OHMS business provides software applications for housing
departments, the ORBiS business provides solutions for the
collection of council tax and payments of benefits and the
OFMS business provides integrated financial management systems
for local authorities. Together with the purchase of ORBiS
development group of Business Computer Technology Ltd
announced on 6th December 1999, these businesses further
extend Anite's comprehensive offering of innovative software
solutions for local authorities.
John Hawkins, Chief Executive of Anite Group Plc, said, 'This
acquisition positions Anite to take advantage of the market
for joined-up government solutions in the local government
sector. By bringing these businesses under the IMASYS brand we
are uniquely positioned to provide the next generation of
integrated systems for local authorities.'
For further information please contact:
www.anite.com
Anite Group plc
John Hawkins, Chief Executive 0118 945 0129
Simon Hunt, Finance Director
Ludgate Communications 0171 253 2252
Edward Macquisten/Reg Hoare
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