With every acquisition, Stratford-upon-Avon computer systems and services boutique is coming closer to the critical mass that will enable it to buy just about any company in the UK computer market. Friday’s contribution to the process was acquisition of Unix house Team Systems Group Ltd for UKP10m, satisfied by 2.49m new Misys shares at 402 pence; 25% were immediately placed by Albert E Sharp, but the vendors have agreed to hang on to the balance for at least two years. Based in South-West London, Team was founded in 1983 and now employs over 100 people. For the year to September 1988, it reported per-tax profit up 92% at UKP760,000, having seen a steady increase in profits right from its first year of trading, when it recorded UKP57,000. Turnover last fiscal rose 12.7% to UKP6.1m. The company’s computer systems division develops Unix accounting and database applications with its largest base in the construction industry and also sells peripherals. The Office Products Division sells communications, word processing and other office software, and the Customer Services Division does hardware maintenance and software support. The acquisition builds on Misys’ May move for Unix house TIS.
