Kalamazoo Computer won’t make it back into the black this year, despite selling off its security print division for £12 million and attracting a £17.8 million equity investment from US investors, Reynolds & Reynolds. Kalamazoo is investing heavily on its next generation software, developing specialised systems for franchised motor dealerships. The Investors Chronicle calculates that spend will match last year’s £4.1 million, and the best Kalamazoo can hope for this year is breakeven. ®