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Better Capital’s Calyx Software makes two strategic bolt-on acquisitions

Better Capital’s BECAP Fund has advanced GBP6m to allow one of its portfolio investments, Calyx Software Limited to make two strategic, bolt-on acquisitions.

The first acquisition comprises certain of the assets and obligations of a division of Touchstone Group Plc (Touchstone). This division of Touchstone is a leading supplier of integrated business software products to mid-sized UK organisations. The division had unaudited turnover for the financial year ending 31 March 2011 of GBP3.2m.
 
The second acquisition comprises the entire issued share capital of Trinity Computer Services Holdings Limited (Trinity). Trinity is a specialist developer of wholesale and distribution application software products, utilising Microsoft Dynamics GP as the core finance system, for mid-sized UK organisations. Trinity’s audited turnover for the financial year ending 30 September 2010 was GBP2.9m.
 
This transaction creates the UK’s largest Microsoft Dynamics GP reseller with more than 500 customers.

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