Systems Reliability Holdings Plc has acquired a company known as ACS Ltd for up to UKP1m. ACS stands for Analogue Computer Services which is risible because the company, which is just over a year old, services Digital hardware. Based somewhere in Hertsfordshire, it supports DEC VAX and PDP systems and was set up by four DEC engineers in February 1989. It is trading profitably, but was amenable to Systems Reliability’s overtures because it wanted the extra financial benefits of belonging to a larger group, and an entree into international markets. This acquisition marks Systems’ first move into the DEC market and Robert Evans says the company will be slotted in under Enterprise Computer Services which services low-end IBM mainframes, becoming part of the Mainframe Services division. It will also support the VAX 9000 when it ships. Systems will pay UKP100,000 at first for the company by issuing 50,145 new shares and paying the rest in cash. Depending on pre-tax profit margins further sums could be paid over the next four years which may cost Systems up to UKP1m in cash and new shares.
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