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August 29, 1988

SAPPHIRE INTERNATIONAL DIVERSIFIES WITH SPOTTISWOODE & SPOTTISWOODE ACQUISITION

By CBR Staff Writer

Ilford, Essex-based Sapphire International Plc has announced the acquisition of central London software house Spottiswoode & Spottiswoode Ltd for an undisclosed sum. Established four years ago by two sisters, Spottiswoode & Spottiswoode markets MS-DOS software for company secretaries, portfolio management and back office settlement under the brand name of Blueprint and employs 24 people. Turnover for the financial year ending March 1988 was UKP789,000 and the predictions are that it will rise to UKP1.2m by March 1989. Sapphire International was founded in 1979 and consists of five operating divisions which concentrate on DataEase database management systems; financial systems; graphics software; training; and special products. It also supplies database, accounting and payroll software for the Amstrad range of business computers which is marketed under the Amstrad name. The new owner, a privately held company with long term plans to go public, employs over 150 people and is forecasting sales of UKP7.5m for the current financial year.

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