Exchequer joins Advanced in £110m CSH deal

Advanced Computer Software Group plc has acquired Computer Software Holdings (CSH), the current owner of IRIS Exchequer, for £110m in cash from private equity house HgCapital. 

The deal represents a return to her roots for Advanced CEO Vin Murria, who ran several of CSH’s health and not-for-profit (NFP) divisions until her Computer Software Group merged with IRIS in 2007. She subsequently left the organisation and began building up a new software empire at Advanced, bringing along CFO Barbara Firth and ex-CSG (and Sage) chairman Michael Jackson along for the ride.

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