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Acquisition

4 Feb 2005 07:00

CODASciSys PLC04 February 2005 CODASciSys plc Acquisition of French Distributor for CODA Group CODASciSys plc ("CODASciSys", stock code: CSY), the IT software and servicesprovider, announces the acquisition of the entire share capital of its Frenchdistributor. CODASciSys is today announcing the acquisition of its French Distributor knownas CODA France. The purchase consideration is a maximum of £3.2m, subject toearn-out arrangements. It is expected to contribute revenue of approximately£3m and be earnings enhancing during 2005. All staff and management at CODAFrance will remain with the company. The acquisition follows the recent opening of a direct sales operation in Essen,Germany and is a continuation of the Group's expansion into the European Market.CODA France was CODA's primary distributor in France and operated under theCODA brand through a licensing agreement with CODA Group. The newly acquiredcompany will continue to market under the name of CODA France. Commenting on the acquisition, Graham Steinsberg, CODASciSys Group CEO, said, 'CODA-France has been very successful in representing CODA to the French marketand to local customers. This deal underlines the central role of the Frenchmarket in CODA's European business strategy.' Ends For further information please contact: Graham Steinsberg, Group Chief Executive Officer, CODASciSys Telephone 01249 466466 E-mail: investorrelations@codascisys.co.uk Barrie Newton, Rowan Dartington Telephone 0117 933 0011 Background Information The CODASciSys Group The CODASciSys Group, based in the UK, provides IT services and businesssolutions to a broad, worldwide base of clients. It comprises two maindivisions, the CODA Division (CODA) and the SciSys Division (SciSys), and iscommitted to delivering quality services, solutions and consultancy that deliverreal business benefits. CODA is focused on the delivery of financial intelligence through solutionsbased around financial analytics and accounting. SciSys concentrates ondelivering professional software services and on designing and building systemsthat incorporate third party packaged software. Each Division addresses well defined markets and together they serve a largeinternational client base. The Group supplies solutions that include financialaccounting and intelligence systems, management information systems andreal-time control systems. It supplies services that include consultancy,project management, system design, implementation and support and maintenance. The market sectors in which the Divisions operate include Utilities, Defence,Government, Communications, Retail, Business Services, Space, Transport, Bankingand Insurance. Clients are typically blue chip organisations, and largegovernment or quasi-government institutions. Within the UK, the Group has offices in Chippenham, Harrogate, Bristol, Readingand Nottingham. It services clients internationally through a network of directoffices in North America, The Netherlands, Belgium, Germany, Singapore, Malaysiaand Australia and partners throughout the rest of the world. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
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22nd Jul 20197:00 amRNSExercise of Options and Total Voting Rights
19th Jul 201910:07 amRNSForm 38.5a SCISYS GROUP plc
18th Jul 201910:48 amRNSForm 38.5a SCISYS Group plc
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16th Jul 201911:50 amRNSForm 38.5a SCISYS Group plc
16th Jul 201910:08 amRNSForm 8.3 - SCISYS GROUP PLC
15th Jul 201912:50 pmRNSForm 8.3 - SCISYS GROUP PLC
15th Jul 201911:28 amRNSForm 38.5a SCISYS Group plc
12th Jul 20191:41 pmRNSForm 8.3 - SCISYS GROUP PLC
12th Jul 201911:05 amRNSForm 38.5a SCISYS Group plc
11th Jul 201911:54 amRNSForm 38.5a SCISYS Group plc
11th Jul 201910:04 amRNSForm 8.3 - SCISYS Group PLC
11th Jul 20197:00 amRNSPublication and Posting of Rule 15 Proposals
11th Jul 20197:00 amRNSPublication and Posting of Scheme Document
10th Jul 201911:25 amRNSForm 38.5a SCISYS Group plc
9th Jul 201910:42 amRNSForm 38.5a SCISYS Group plc
9th Jul 20197:00 amRNSAnnouncement re convening of Scheme Meeting
8th Jul 201910:10 amRNSForm 38.5a SCISYS plc
8th Jul 20198:00 amRNSEuronext Growth Dublin Notice
5th Jul 201910:56 amRNSForm 38.5a SCISYS Group plc
4th Jul 201911:11 amRNSForm 38.5a SCISYS Group plc
3rd Jul 201910:12 amRNSForm 38.5a SCISYS Group plc
2nd Jul 20194:57 pmRNSEuronext Growth Dublin Notice Replacement
2nd Jul 20193:02 pmRNSForm 38.5a SCYSIS Group plc - Davy
2nd Jul 20197:00 amRNSExercise of Options and Total Voting Rights
1st Jul 20199:59 amRNSForm 8.3 - SCISYS GROUP PLC
1st Jul 20198:00 amRNSEuronext Growth Dublin Market Notice
26th Jun 201910:12 amRNSForm 8.3 - [SCISYS GROUP PLC]
25th Jun 20197:00 amRNSExercise of Options and Total Voting Rights
21st Jun 201911:08 amRNSDirector Dealing
20th Jun 20195:42 pmRNSForm 8 (DD) - SCISYS
20th Jun 20195:40 pmRNSForm 8 (DD) - SCISYS

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