Barr Ellison Solicitors – commercial property
Advertisement: Cambridge Network
Advertisement: EBCam mid banner
Advertisement: Wild Knight Vodka
Mid banner advertisement: BDO
Advertisement: Mogrify
Advertisement: TTP
RealVNC mid-banner general
Advertisement: Innova Systems
Advertisement EY mid banner
Advertisement: RSM
RealVNC mid banner careers
ARM Innovation Hub
Advertisement: Cambridge Corporate Finance Club
25 January, 2006 - 21:52 By Staff Reporter

IT provider Compel acquires Allinity

Stevenage-based IT provider, Compel Group, has acquired Allinity Ltd, a market leader in the provision of the popular personnel IT tool, PeopleSoft, for an initial consideration of £1.0 million. Payment will be satisfied by £600k in cash and by issuing 421,048 new shares.A further cash consideration of up to 70 per cent of the pre-tax profits of Allinity above an agreed threshold level for the year ending June 30 may also be made.

Allinity’s revenue for the last year was £2.7m with pre-tax profits of £68k.

Add new comment

Newsletter Subscription

Stay informed of the latest news and features