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12 Feb 2010
Financial software providers, COA, has been acquired by Advanced Computer Software (ACS) for an estimated £100m.
COA's parent company Redac Holdings was owned by private equity business Alchemy Partners with the deal going through earlier this week.
Vin Murria, ACS Group Chief Executive said: "There are substantial opportunities to cross sell our existing healthcare products into new markets while many of our existing healthcare clients could benefit from management tools in the COA product suite."
COA customers are generally in the private, healthcare and emergency sectors with ACS focusing on the primary care sector.
The acquisition was funded through a £55m banking facility at ACS, term loan of £25m and revolving credit of £30m over three and a half years provided by HSBC.
COA won an Accountancy Age Award last year for its finance software
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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