Marlow-based software house MCS has bought York Computer systems for an undisclosed sum. Under th...Marlow-based software house MCS has bought York Computer systems for
an undisclosed sum.
Under the deal, completed last month, MCS will retain York's Leeds head
office and its staff of nine.
York's two directors, Mike Black and Steve Wriglesworth, will also
transfer to MCS.
York has a client base of 43 regional broking firms and approximately 900
workstations in operation. This will add to MCS' 100 or so broking clients
and 3500 workstations.
MCS has confirmed that it will maintain and service York's products for as
long as necessary. The company will, however, be looking to migrate York's
customer base across to its Sector Level 7 system as soon as possible.
Margaret Rutter, sales manager at MCS, told PB: "Nobody will be forced to
to cross over, but we will be offering incentives to do so over the next
two or three months."
She added: "At the moment York does not have a currency system; MCS
With EMU coming along some of the York brokers may need to transfer across
Ms Rutter said that one of the strengths of the York product range is its
scheme software, which MCS will be looking to develop further.
Bernie Conlon, chairman of MCS, said: "With the relentless consolidation
in the insurance market, even two high-end niche players need to come
together to ensure their future competitiveness and to spread the load of
costly developments, such as euro compliance, across a larger number of
Following the completion of the acquisition, the SectorNet team at MCS
will move into York's Leeds office. The recently expanded implementation
division at MCS will also move into the Leeds office as well being based
MCS's client base includes Nelson Hurst and Jardine.
The Insurance Age team unpick the most recent and most popular stories.Subscribe to our daily newsletter for all the latest news