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Technology / AI and automation

TECHNOLOGY FOR BUSINESS COMPLETES UKP1.2m LSI ACQUISITION – WITH HELP FROM 3i

Technology for Business Plc has now reached agreement on a price of UKP1.2m for the LSI Computers Ltd manufacturing subsidiary of CPU Computers Plc, and the transfer of ownership has been completed – with the help of financial support from Investors In Industry, 3i (CI No 616). Technology for Business, which already has a computer manufacturing arm in the shape of its 1984 Rair Ltd acquisition, says that marketing of the LSI Octopus multi-user micro will continue through LSI’s network of 30 franchises and OEM customers. It says that it is fully committed to continuing the development of the Octopus. The deal also includes the products and personnel of the MSS Software Division, which designed and developed the LSI networking, communications and business software packages. The deal adds 15,000 machines to the Technology installed base. Technology for Business has also rushed out Octopus versions of its 80286- and 80386-based machines to support the Octopus implementation of the ARCnet local area network and the ELSIE operating system, from Rair’s plant in North London. The LSI support staff in Woking, Surrey, face only a short move to new Technology for Business offices in Woking.

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CBR Staff Writer

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