Advanced Computer Software
Advanced Computer Software Plc ”ACS” aims to be the leading consolidator of software services in the Primary Care sector. The first step was the integration of Adastra and the second is the acquisition of BSG. The Group is now poised to develop its strong position in a sector that is fragmented and government-backed. ACS provides software and IT services to the Primary Care sector, with the goal of improving patient flows and care. Its market leading patient management system currently services more than 95% of Out-of-Hours Primary Care operational hubs and 50% of NHS Walk-in Centres in England. Adastra’s software supports 14 million patient cases every year and delivers the information on those cases to the relevant recipients within the NHS. BSG provides hosting and IT outsourcing services and its integration into ACS will provide the hosting platform to bring Primary Care hosted products more quickly to market. ACS’ strategy is to grow both organically and by acquisition.
Advanced Computer Software to outsource BSG infrastructure business to BT Engage IT
Advanced Computer Software PLC (AIM: ASW) said it will outsource the infrastructure resale business of its recent acquisition, Business Systems Group Holdings PLC, to BT Engage IT Ltd with effect from July 1 2009.
The software and IT services provider to the Primary Care sector said the move is a result of its strategic review so far of BSG, which it announced when the business was acquired last month.
Under the agreement, BSG will continue to provide IT services to the shared customers while BT Engage IT will meet their hardware requirements. BSG, as part of the ACS group, will now concentrate on the core business of providing managed services and solutions and of supporting the roll-out of new ACS's health care product offerings.
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BSG will receive a percentage of the gross margin achieved by BT each year for three years subject to a minimum of £0.5 million per annum and 26 BSG employees will be transferred to BT Engage IT. The proceeds will be used by ACS to pursue its growth strategy.
The infrastructure business contributed £1.1 million to overheads of the BSG group in the year to March 31 2008.
ACS CEO Vin Murria said: “This agreement allows us to continue focusing on the growth of managed services whilst still supporting customers in their infrastructure needs.”
ACS in May announced plans to buy BSG in a recommended cash deal valuing BSG at around £15.5 million. The deal became unconditional in all respects on June 15.
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