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June 7, 1990

CMG LOOKS FOR MORE PAYROLL ACQUISITIONS

By CBR Staff Writer

The Computer Management Group UK Ltd says that its Payroll Division is ready to exploit market unification in 1992, and achieve a UKP50m turnover by the end of 1993. The company has set annual growth targets of 30% and it is looking for acquisitions in the UK, Holland, and Germany. The Payroll & Personnel Services division has major data centres in Middlesex, Manchester, Bristol, and Amsterdam, and it currently contributes UKP20m per annum. The division has grown rapidly with the rash of payroll-related changes that have taken place in the UK over the past few years, and CMG says that it has further enhanced the 4381-based MVS Payfact 2000 system. The system is claimed to be more responsive to personnel-oriented requirements, and it allows greater interaction between clients’ personal computers and CMG’s bureau-based database.

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