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Cedar Group

Cedar, the financial software company, is to be acquired by Alchemy Partners for £4.2m, and will also receive a £34m cash injection and debt facility from Bank of Scotland and Alchemy.

Cedar Group is acquiring Enterprise Solutions Group, the US IT services consultancy, from Renaissance Worldwide for £51m.

Cedar Group is acquiring Cipher Systems of Canada for £8m, in order to expand its customer relationship management software business.

Cedar Group is to acquire the knowledge management software business of the former British Gas for £7m.

Cedar Group, the software services company, has announced acquisitions worth a total of £21m, including SBA UK and Ansaback for £17m, and a majority stake in Sword Business Services for £4m.

Cedar Group is to raise £40m in a share placing in order to fund the expansion of its software business, and is particularly interested in the US financial services sector.