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MMT COMPUTING ACQUIRES RTL SOFTWARE SERVICES

MMT Computing Plc, the tiny Central London software and services company often dubbed a mini-Logica that could show Jack’s beanstalk a thing or two about growing, has agreed acquisition of RTL Software Services Ltd for UKP175,000 – involving issue of 35,426 MMT shares – plus up to UKP208,333 in shares de-pending on RTL profits to August 1988, and then a further UKP350,000 in shares if RTL profits meet a pre-set target for its fiscal 1989.

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CBR Staff Writer

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