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CHASE MAKES SECOND PURCHASE IN LESS THAN A WEEK

Less than a week after it completed its acquisition of aviation software company SkyTrak (CI No 3,262), Chase Technology Group Plc is on the buying trail again. Chase is to acquire network services organization Visual One Plc in a cash-plus-cash arrangement valued at 500,000 pounds. Visual One will be combined into the Twickenham, Middlesex-based company’s Sterling Infotec networking, support and maintenance arm. Visual One, established in 1985 and will see the engineering staff from Chase’s other member companies being organized together under the Visual One umbrella, establishing a team of some 20 engineers. Chase, established a couple of years ago, says we can expect further acquisitions as it continues to expand.

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