Exchequer joins Advanced in £110m CSH deal

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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.

“It’s an unusual situation to find ourselves in. It’s been six years since we had the business,” Murria told AccountingWEB. “We saw opportunity to grow our managed services and busines...

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John Stokdyk
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