CompuServe, a wholly-owned subsidiary of H&R Block Inc, has acquired 20/20 spreadsheet developer Access Technology, effected by the issue of H&R Block shares at approximately $36.75m in exchange for the common and preferred stock options of Access, which had a net income of $2.5m in fiscal 1988 on a turnover of $18.3m; H&R says that Access which develops, markets and supports spreadsheet modelling software, will continue its operations unchanged under the management of its founder, Allen Z Kluchman.
