Old Woking, Surrey-based keyboard manufacturer and systems house Alphameric Plc has paid UKP300,000 in shares for London dealer systems specialist CP International Inc. Alphameric will issue 118,873 new shares, and in addition the vendors have been granted an option on 475,492 shares at a subscription price of 250p, exercisable any time over the next two years. CP, which has offices in Paris and New York, is the holding company of a group specialising in dealer systems for banks and brokers. Following steady growth over the previous two years it suffered a loss of UKP1.8m, on sales of UKP6m in the year to Janauary 31, and had liabilities totalling UKP400,000. Headed by former Micrognosis Inc chief executive D S Timms, it has an installed customer base nearly as large as Alphameric’s but more diverse, and its current order book is in excess of UKP3m. The directors believe CP’s software experience and customer base in New York and Paris will prove complementary to Alphameric’s financial systems division, and say the combined operations represents the third largest installed base in the world dealing room market. Looks like Tokyo next.
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