Systems Union Group acquires the assets of ncSoft Limited
Business systems provider added to leading global software group
Systems Union Group plc, the global software vendor, has acquired the customer base, assets and intellectual property rights of London-based ncSoft Limited, an author and provider of business and financial systems, for a consideration of approximately £0.5 million. For the year to 30 June 2003, ncSoft had an annual revenue of £1.2 million.
Founded in 1991, ncSoft operates across many sectors including professional services, financial services, public sector, pharmaceuticals, utilities and manufacturing. Customers include the Royal National Theatre, a consortium of Scottish further education colleges, St Paul International Insurance and Wandle Housing Association.
ncSoft is a channel partner for SunSystems software solutions, as well as developing its own range of web-based applications such as procurement, time management and expenses automation. Its brands include ncProcurement, ncTime, ncExpense and ncSoft eBusiness Suite.
