Back in 201029 Jul 2018 12:23
This is what was said of Vin starting up ASW;
Courtesy of Winnet over on iii and www.aimboy.info
Just spotted this on the aim boy's site, never heard of you lot. Bulletin Board a bit quit also - from what the article says could be quite a catch?
"Advanced Computer Software is a provider of technology solutions to the healthcare and commercial markets. It comprises three main divisions: Business Solutions, Health & Care and Managed Services. So who are ASW, why they are on my radar and finally why are they worthy of space on my blog!
Essentially ASW is vehicle for acquisitions specialist Vinodka Murria, their CEO. ASW are in early stages of growing a multi-million pound IT firm which undoubtedly will eventually become prey for a much bigger fish. Looking back through ASW’s acquisition history, it is clear their strategy was to increase revenue by acquisition and subsequent streamlining of congruent functions. They’ve been particularly smart in this respect.
Back in February of this year they acquired COA Solutions – a market leader in purchasing and managed services to the NHS. COA had itself been an aggressive acquirer – notably their acquisition of eProcurement specialist Belmin Group Ltd in 2008 which gave them the rights to the industry leading EROS infrastructure which automated the purchasing processes in the public sector. The £100 takeover was notable at the time as ASW was a £20 million pound company swallowing a much larger and more profitable player. My information comes from a senior ex-employee of COA, he indicated to me that they had profit levels at 20% of revenue – fantastically good by industry standards.
So why buy? Well, the numbers add up – Its earnings are growing and in 2010 turnover is up 312% from 2009 to £30 million.
They have a dominant position in their markets, in particularly healthcare where they serve 344 of the 392 NHS trusts in the UK and as I noted early the software they use is market leading. The downturn in public spending will benefit ASW in two respects. Firstly efficiency savings will be targeted and ASW’s systems are ideally placed to save the NHS money. Secondly their customers will turn less to expensive solutions from competitors like Oracle and SAP.
ASW have just acquired CareSys which has annualised sales of £1.8 million and EBITDA of £480,000 with more than 55 per cent recurring revenues. At 2.6 million the deal looks very good and adds another revenue stream to ASW.
Crucially, their CEO is a winner and overwhelmingly has the interests of shareholders at heart (she is a substantial shareholder herself). She has created a significant business in a very short space of time. AIM investors should take note – this is not another never, never. The figures speak for themselves.
Vin Murria is a veteran of the enterprise software sector, having spent 16 years at Kewill Systems, where she reached the position of chief operating officer. She made a n
Sign In
Follow the stocks
