Vista Equity Partners, a private equity firm, has acquired Advanced Computer Software Group for an enterprise value of £750 million. Shareholders are to receive 140 pence per share.
“This acquisition means that we now have the major financial backing we need to support us through our next phase of growth and establish our position as a serious global player,” sad Vin Murria, chief executive of Advanced Computer Software Group.” Our customers will benefit from an increased investment in our products and services as we continue to offer solutions implemented both on-premise and increasingly via s subscription model.”
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