After struggling for its first three or four years as a public company, Telemetrix Plc has gone from strength to strength since the South African, Allied Electronics Pty Ltd bought into the company and put up enough cash to make it properly funded, and yesterday it announced that it had moved in quickly to pick up the assets of local area network systems specialist Torus Systems Ltd of Cambridge from the receiver, KPMG Peat Marwick McLintock. Torus offers the Tapestry II local area network software and a range of interface boards and related hardware. Telemetrix will pay asset value less debtors, and the sale is expected to raise between UKP250,000 and UKP500,000 for Torus creditors. Torus will remain at its present base and managing director, operating as a division of the Tewkesbury company’s Trend Datalink unit.
