A LOSS-MAKING computer company is expecting a brighter future after the "reverse takeover" of a much bigger business.
Standard Platforms, a computer hardware and software supplier based in Blackburn's Glenfield Park, is to 'take over' DSI Data Systems International, which trades as Action Computer Supplies.
Standard Platforms, which employs just 11 people in Blackburn out of a total workforce of 17, recently announced an increased pre-tax loss to March 31 of over £400,000.
Action Computer Supplies, however, achieved operating profits in the last six months of £1.75 million and is valued between £25 and £30 million.
In effect, Action Computer Supplies is actually taking over Standard Platforms but the "reverse takeover" is necessary to give the larger business a full listing on the Stock Market.
The new board will comprise directors from both companies and Mr Henry Lewis, a non-executive director of Standard Platforms, will be executive chairman of the whole group.
His family holds 37 per cent of Action's capital.
Standard Platforms' general manager Philip Collins said the shake-up was good news for staff.
"It gives us the financial and commercial muscle which perhaps has been lacking up until now," he said.
Standard Platforms supplies computer systems for image processing and digital archiving to businesses including DHL and Securicor, as well as systems for controlling the flow of information through companies.
It was formed in 1988 by Bob Astley, former managing director of Blackburn's Terminal Display Systems, but has suffered year-on-year losses despite winning some prestigious contracts including one with the Ministry of Defence.
Following the takeover, the new company will have three divisions: Action Computer Supplies, Action Spain, its Spanish operation, and Standard Platforms.
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