Tuesday, 1 May 2012

Advanced Computer Software Group plc acquires Fabric Technologies for £4.6m

Advanced Computer Software Group plc (Advanced), a leading provider of healthcare and business management software and services, today announces the acquisition of London-based managed services provider, Fabric Technologies Limited (Fabric), for a total cash consideration of £4.6m.

Fabric, which provides managed services and unified communication solutions to approximately 160 UK mid-market customers in banking and other professional services sectors, will be integrated over the coming months into the Group’s Advanced 365 Managed Services division based in City Road, London.

Vin Murria, Chief Executive of Advanced Computer Software Group, comments, “This acquisition forms part of the Group’s strategy to identify and acquire high quality complementary businesses to strengthen our 365 Managed Services division. Fabric’s market-leading offerings will help drive further cross-selling of managed services into the Group’s 7,000 strong customer base.”

The acquisition of Fabric strengthens Advanced 365’s managed services portfolio and provides a new unified communications offering to Advanced’s customer base. Unified communications brings together desktop phones, mobile phones, email, voicemail, SMS text messaging and instant messaging, ensuring that the person being contacted knows that someone is trying to reach them, regardless of communications channel and location.

The integration of Fabric into the Advanced 365 division also creates one of the UK’s biggest Microsoft partners.

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