Calyx spends £6m on bolt-on buys of Touchstone and Trinity

Calyx owners Better Capital have stumped up £6m to acquire two strategic, bolt-on companies in the first stage of a plannedbuy-and-build strategy. The acquired companies areTouchstone Group Plc a midmarket provider of integrated business software products, and Trinity Computer Services Holding

Calyx owners Better Capital have stumped up £6m to acquire two strategic, bolt-on companies in the first stage of a planned buy-and-build strategy.

The acquired companies are Touchstone Group Plc a midmarket provider of integrated business software products, and Trinity Computer Services Holdings Ltd, a developer of wholesale and distribution application software and Microsoft Dynamics partner.

Touchstone made unaudited turnover of £3.2m in the 12 months to 31 March, while Trinity's audited sales for the year ended 30 September 2010 were £2.9m.

The acquisitions form the first salvo in a buy-and-build strategy first announced last December. At the time CEO Fiona Timothy, talked up the possibility of large-scale acquisitions for Calyx's larger Managed Services unit, although it is the smaller Calyx Software unit that will take charge of today's buys.

Calyx, which was bought out of administration by VC outfit Better Capital last September, wants to build larger economies of scale in existing operations and get more involved in software and infrastructure management services..

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