VALLEY FIRM'S DEAL HAS ENGLISH ACCENT.Byline: Robert Monroe Staff Writer WOODLAND HILLS - Computer system leasing and service company El Camino Resources Ltd. said Tuesday that it has acquired an English technology services company for an undisclosed amount of money. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. said its purchase of Cardinal Computers will boost new computer leases by 40 percent. El Camino's subsidiary, REAL Solutions, already had close ties to the company, based in Kingston-on-Thames, Sussex, before the deal. Cardinal generated $14 million in revenue last year. ``It gives us penetration of the market in London,'' said El Camino spokesman Peter McGuirk. ``Although we've been over there for several years, this now allows us to expand with a company that's very well respected.'' The deal continues the global spread of El Camino Resources, which has computer leasing operations in the United Kingdom and Germany and subsidiaries in several Caribbean and Latin American countries List of American countries Nations:
Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . ``It's an additional building block to building the corporation,'' said David Harmon, president and chief executive officer of El Camino. San Fernando Valley Economic Alliance President and Chief Executive Officer Bruce Ackerman Bruce Arnold Ackerman (born August 19, 1943) is a famous constitutional law scholar in the United States. He is a Sterling Professor at Yale Law School and one of the most frequently cited legal academics in the country. Biography Ackerman received his B. said the purchase represents the latest in an explosion of foreign business dealings by Valley entertainment and technology companies. ``It's a continuation of how the tech firms we have here are converging con·verge v. con·verged, con·verg·ing, con·verg·es v.intr. 1. a. To tend toward or approach an intersecting point: lines that converge. b. on the world economy,'' Ackerman said. Cardinal, with 34 employees, provides Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and e-security services for its clients. El Camino said the deal was completed July 24. |
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