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Panmure Gordon upbeat on Advanced Computer Software after BSG acquisition news

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Stockbroker Panmure Gordon issued an upbeat note on Advanced Computer Software PLC (AIM: ASW) following the announcement last week that the group is buying Business Systems Group Holdings PLC (AIM: BSG) in a recommended cash deal valuing BSG at around £15.5 million.

It said it likes ACS - led by the indefatigable Vin Murria and the opportunity - and the deal which gives ACS hosting, managed services and outsourcing capabilities to its customers across the NHS Primary Care sector, seems sensible to Panmure Gordon.

ACS is carving out a position as leading provider of software and IT services to the primary care sector, it said, adding: “The deal should go ahead and folks given an opportunity to hitch aboard Ms Murria’s wagon should avail of the opportunity  - indeed we note that irrevocable undertakings represents are already 77.5 percent of the BSG shares.”

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