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.
Note to editors
About Advanced Computer Software Group plc www.advancedcomputersoftware.com
Advanced Computer Software Group plc (“Advanced or the “Group”) is a leading supplier of software and IT services to both public and private sectors which assist organisations to improve efficiency and reduce costs.
The Group operates as three divisions:
Advanced Health & Care sells a range of products to the NHS and private healthcare sector including patient workflow management for urgent and unplanned care providers; patient case management for social care providers; mobile applications for care in the community providers and rostering applications for social care settings.
Advanced Business Solutions provides accounting, payroll, HR and document management solutions to local authorities, healthcare organisations and private sector businesses including banks, manufacturers, retailers, charities and travel companies.
Advanced 365 delivers managed services to support Group products and to a wide range of customers including banks and financial institutions, membership bodies and healthcare organisations. Services can be delivered either on-premise or as cloud-based models depending on customers’ requirements.
About Fabric Technologies www.fabrictechnologies.com
Thinking laterally and imaginatively, Fabric integrates best of breed technologies, creating business solutions for customers in demanding environments that provide them with competitive advantage.
The company has a strong track record of work across many verticals including finance, legal, professional services and education.
Fabric is a Microsoft Gold Certified partner and also a Cisco Premier Partner with Advanced Unified Communications Specialisation.
Liz Ebbrell and Angela Mycock, Advanced Computer Software Group