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An AIM-listed website designer and developer is to strengthen its offering by adding a content management systems specialist to its business.

IS Solutions, which also provides systems support services to the public and private sectors, has agreed to buy Surrey-based Chapter26.

The deal will cost IS more than £700,000 in cash and shares, which could rise to some £1.2 million if agreed financial targets are achieved by July next year.

IS managing director John Lythall said the acquisition will extend the company’s offering into the small business market. “The complementary client bases of the two operations should also lead to increased sales for the combined operation.”

Chapter26’s content management systems enable companies to create, manage, and archive the structured and unstructured business information, such as email and video.

In the past 12 months, Chapter26 generated an un-audited pre-tax profit of £112,000 from a £1.93 million turnover.

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