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Re: Re: Re: Re: IRIS Legal to open new 'centre of excellence' in Cheshire
by
Anonymous
TO ALL YOU IRIS-PHOBES OUT THERE – REMEMBER THIS?
Technology for Business Plc (TFB) announced it had become the UK's largest legal IT solutions provider with its purchase of Avenue Legal Systems. (JUST LIKE IRIS LEGAL) The acquisition of Avenue is the second by TFB inside two months following the purchase of Scottish legal specialist, CB Systems.
TFB says it is looking for further opportunities to consolidate its position as the UK's leading legal solution provider, (JUST LIKE IRIS LEGAL)with a combined turnover of over £12 million and a total client base approaching 1,000 medium-to-large practices. (THE SOFTWARE SOLUTIONS GUIDE 2007 SAYS THEY HAVE ONLY GOT 419 FIRMS – WHERE DID THE OTHER 500 FIRMS GO?)
Commenting on the deal TFB managing director Simon Hill said: "The takeover of Avenue positions TFB as the premier player in the UK's legal software market”. TFB is continuing to actively pursue further acquisition targets (JUST LIKE IRIS LEGAL) both in the UK and abroad - including the United States - to consolidate its position as a market leader."
The purchase price is not being disclosed but Hill told Legal News Media that the deal would not involve any redundancies.( THEY HAVE FAR FEWER STAFF THAN THEY STARTED WITH).
TFB's medium term plan is to develop a common successor system that will combine the best elements of current Avenue, CB and TFB systems. (A BIT LIKE IRIS LEGAL).
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