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September 15, 1998

PLATINUM EQUITY SNAPS UP RACAL DATA GROUP

By CBR Staff Writer

Platinum Equity Holdings, a Los Angeles-based concern which specializes in acquiring and managing technology companies, has acquired network integration and data communications firm Racal Data Group for an undisclosed price. Platinum Equity is not related to Platinum Technology Inc or Platinum Software Inc. Its recent takeovers include the Worldwide Chain Store Systems subsidiary from IBM Corp in April (CI No 3,391) and Pilot Software Inc at the end of last year (CI No 3,222).

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