Computer People acquires Automated Concepts' Los Angeles contract programming business.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--March 6, 1995--Computer People Inc., the U.S. subsidiary of London-based Computer People Group plc, Monday announced the acquisition of the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. contract programming business of Automated Concepts Inc. (ACILA ACILA Associate of the Chartered Institute of Loss Adjusters ) in a cash transaction with a potential value of $2 million. The acquisition will expand Computer People's Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, presence, helping to develop its business of providing professional service solutions to a wide variety of computer users. The transaction is expected to close in late March, subject to certain conditions being met by both parties. "We are very pleased to have ACILA joining forces with Computer People," said Tony Vickers, president and chief executive officer of Computer People. "The acquisition not only helps Computer People achieve greater critical mass in a key market, it should also enhance the overall profitability of the Los Angeles operating base by combining two already successful operations into one." Similar to Computer People, ACILA provides mid- to large-size corporations with computer consultants for a variety of projects. ACILA presently has a staff of 45 serving 15 clients. Current management will be retained and will oversee both ACILA and Computer People operations in Los Angeles. ACILA achieved $5.2 million in revenues in 1994. Computer People, which operates nationally through 10 offices, achieved a 21 percent increase in revenues to $44 million in 1994, representing 30 percent of the parent company's total volume. The Los Angeles office currently has a staff of 65, before the ACILA expansion. Computer People, based in El Segundo, is the U.S. subsidiary of London-based Computer People Group plc, a public company with shares traded on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Computer People Group operates 26 offices in the United Kingdom, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Japan, serving a wide range of corporations and computer users worldwide. CONTACT: Computer People Inc., El Segundo Tony Vickers, 310/335-4810 or Pondel Parsons Parsons, city (1990 pop. 11,924), Labette co., SE Kans.; inc. 1871. It is a shipping point for dairy products, grain, and livestock. Manufactures include ammunition, wire and paper products, plastics, and appliances. & Wilkinson, Los Angeles Craig Parsons/Lisa Prukop, 310/207-9300 |
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