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Deverill snapped up as VC builds services conglomerate

CTG adds £15m to its bottom line as it aims for £40m target

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Venture capital group Cairnsford Holdings has taken another step toward achieving its goal of creating a £40 million IT services company within the next three years. Through its subsidiary Cairnsford Technology Group, it has bought hardware and services reseller Deverill for an undisclosed amount. Deverill was set up in 1979 and has an annual turnover in the region of £15 million. Among its customer list you will find PowerGen and Quaker Oats. It resells Compaq, Novell and Microsoft kit, among other. Another services company, with less to smile about than Deverill, is AIM-listed Computerland UK. Yesterday, the Nottingham-based reseller issued a warning that it continues to experience disappointing product sales. The company has put a series of cuts and cost control measures in force, which have resulted in a charge of around £100,000. ®

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