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Access Intelligence buys Ether-Ray
Access Intelligence Plc, a London-based professional services company, has acquired Ether-Ray, a software business that specialises in the public sector, for £2.4 million in cash.
Ether-Ray was founded by Raul Gonzalez, who will stay on as a consultant to help the transition into the Access Intelligence group. In the year ending August 2008, Ether-Ray generated a turnover of £888,000 and pre-tax profits of £380,000.
Michael Jackson, Access Intelligence's Executive Chairman, commented: "Ether-Ray is one of the market leaders in this public sector niche, servicing around 25 per cent of local authorities as well as universities, NHS organisations, police authorities, charities and government agencies."
In the year ending November 2008, Access Intelligence reported a turnover of £4 million.
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