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Accumuli takes over Fujin

Accumuli has taken over Fujin Technology for £2m in cash.

Fujin's wholly owned subsidiary, Fujin Technology Trading, based in Theale, Berkshire, is a specialist security systems integrator, with a particularly strong focus on European mobile and broadband service providers.

Established in 2003, the Fujin Group has built a global reputation for the design, provision and support of bespoke technology solutions.

It works with a small number of key security vendors and its areas of expertise cover content security, network security and bandwidth management through the use of deep packet inspection and caching technologies.

In its audited accounts for the year ended 31 October, Fujin Group generated revenues of £3.0m, a trading profit, before holding company interest and administration charges and corporation tax, of £0.5m and a group profit before tax of £0.43m.

Net assets at the end of October were £0.42m.

The Fujin Group had no bank or other forms of loan indebtedness.

The Fujin Group has five employees who will all remain with the business.

Story provided by StockMarketWire.com

13/12/2010