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October 18, 1998

POLICY MASTER EXTENDS RANGE WITH SWIFT PURCHASE

By CBR Staff Writer

Policy Master Group Plc, the UK-based insurance software company, which floated on the Alternative Investment Market for small cap companies in June, is extending its product range with the acquisition of Swift Financial Systems for up to 3 million pounds. Swift’s flagship product Swift 5 offers back office support of life insurance and pension business and the company has also developed a range of other specialized packages for insurance companies. The final price depends on Swift’s profits over the next two years.

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