Acquisition of Strand Technology for £2.0m

Published on: Friday 14th September, 2012

Acquisition of Strand Technology for £2.0m

Advanced Computer Software Group plc (AIM: "ASW", "Advanced", or "the Group"), a leading provider of healthcare and business management software and services, has acquired Strand Technology Limited, a leading supplier of clinical care management solutions to community care and mental health organisations, for a total cash consideration of £2.0m.

Acquisition highlights

Vin Murria, Chief Executive, commented:

“This is a strategic product acquisition which extends the Group’s patient care management software solution into the substantial community and mental healthcare market."

“Strand’s flagship solution CareNotes, has been developed with the assistance of 100's of clinicians from Trusts and Social Care organisations throughout England and will play an important role in supporting Advanced‘s strong growth in delivering care in the community and mobile healthcare solutions.”

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This is a strategic product acquisition which extends the Group's patient care management software solution into the substantial community and mental healthcare market.

Vin Murria, Chief Executive Officer, Advanced Computer Software Group plc

Vin Murria,
Chief Executive Officer,
Advanced Computer Software Group plc