Software specialist Centro de Calculo de Sabadell SA is raising new money to increase its equity base by 157% with an infusion of $6.4m of new cash. It wants the money to increase its stake in its Dutch affiliate Digis BV to 70% and to finance a technological investment plan. As a result, the company, based in Barbera del Valles, near Barcelona, will have an equity base of $10.4m. Centro de Calculo’s board of management has given its approval to a new strategy aimed at increasing its presence outside Spain; it currently has subsidiaries in Portugal, Holland, the UK, Ireland and France, plus a distributor in Italy. Estimates put last year’s turnover at $67.4m, putting Centro de Calculo in 41st place on the list of European packaged software suppliers. Analysis of last year’s business showed 59% stemmed from the direct marketing of applications, 23% from custom applications, and 18% from services the company offered.
