Transoft Acquired By Advanced
Published 18/03/2013 by Advanced, Editor
On Friday 8th March 2013, Advanced announced the purchase of Computer Software Holdings Ltd (CSH) – which includes Transoft - from HG Capital. ACS is an AIM-listed company with 1,900 staff and a turnover of £195m/US$290m, generating around £43m/US$64m profit.
At Transoft we are very excited by the opportunity that the change in ownership brings. Both the CEO (Vin Murria) and the COO (Barbara Firth) have extensive experience of our marketplace and know our business well having managed the company prior to the sale to HG Capital in 2007. It means we are well poised for the future, giving us even greater focus on providing innovative technology that delivers significant business gains to our valued customers.
We would like to reassure our customers and partners that everything remains business as usual. Our long-term strategies of strong investment and collaborative working with our customers will remain unaffected by this change in ownership - indeed it will positively impact on our drive to deliver more value. The video accessible via the link below illustrates the commitment that the senior executives at ACS have to drive the business forward.