View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 7, 1997updated 03 Sep 2016 2:40pm


By CBR Staff Writer

Australian information delivery systems and services company Anacomp Inc has put its hand in its pocket and acquired the assets and business of accounting software house Cambridge Technology Group Inc, for an undisclosed sum. Established in 1991 to develop personal computer-based replacement for proprietary mainframe-based accounting systems, Anacomp says the purchase aids its move into the vertical application arena. The purchase sees Anacomp now having access to Cambridges flagship product the SPAR Securities Processing, Accounting and Reporting online, integrated, real-time, multicurrency trust and custody accounting system. The companies think the deal will benefit both parties as each company’s product will be enhanced with the other firms software. Although the terms of the deal have not been disclosed, it is understood that annual revenues generated as a result of the sale of SPAR amount to some $2m.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.