Micro Dynamics, the Worcester accounting software reseller, has returned its 50-strong complement of Multisoft contracts to the vendor for an undisclosed sum.
Peter Reynolds, MD at the #3.5 million dealership, said the company will mainstream on Tetra?s CS/3 range in the future. ?I am cleaning up my act,? he said. ?We are going to be a whiter than white Tetra reseller. The Multisoft business was a bit of a carbuncle. We couldn?t do anything significant with it, and it made me realise we were not big enough to properly support two product ranges.?
Micro Dynamics supports 320 Tetra sites, mostly in the Midlands and South West.
Reynolds is currently negotiating to buy 60 Tetra service contracts from an unnamed dealership. He also hopes to announce a joint venture with Tetra within the month.
Roger Coles, Tetra channel sales manager, said he was delighted by the sale. "We have thrown a lot of revenue and time at Micro Dynamics over the last six months. And now we are seeing payback."
Micro Dynamics inherited its Multisoft business through the acquisition of Rowtall Computing, in Walsall, in June 1995, and the purchase of Principality Support and Development, in South Wales, in 1996.
The divestment was handled through BDE International, the holding company for Micro Dynamics and Rowtall.
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