CMG Croma Grp

RSN No 8608u
CMG PLC
8th January 1999


                   CMG plc acquires Rohirst

CMG plc, the European IT services group, announces that on 22
December 1998 it acquired Rohirst Limited for a cash payment
of #1.25 million.  Rohirst is a financial software package
company that has been developing and delivering the Forfait
Management System since 1980: forfaiting is an essential
element in international trading.  The system is PC-based and
runs in both single user and networked versions.  In the
financial year to end September 1998, the company had revenues
of #414,000 and was profitable.  CMG Rohirst will operate from
within CMG's Banking Division which will provide a new
technology platform for future development of the product.

Ian Taylor, Chairman of CMG UK, commented:

   "Within the field of structured trade financing, the
   Forfait Management System has achieved a position
   approaching that of a de facto standard.  It has more than
   100 users, including many major banks and finance houses.
   For those users and new customers, CMG will provide
   applications support and associated consultancy services.
   We will also redevelop the product for use within the
   Windows/NT operating environment and we can assure all
   Rohirst customers of excellent service in the future.
   Many of those customers will be familiar with CMG through
   our wider banking services and we believe they can also
   benefit from the synergies with our rFRAME banking product
   suite."

Rohirst was founded and run by Robert Hirst who remains with
CMG as a consultant following the acquisition.
                               
For further information contact:
Tony Richards, Group Communications
CMG plc, on +44 (0)171 592 4000

END

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