ramsac LAUNCHES AUDITING SERVICE TO DELIVER A COMPREHENSIVE IT DUE DILLIGENCE PROCESS

New Service Provides Merging and Acquiring Companies With A Clear Picture of IT Assets, Personnel, Value, Cost and Compatibility

Guildford, England, May 31st 2005: ramsac, a leading IT solutions provider today announced the launch of its IT auditing service, developed for accountancy firms who are finding it increasingly necessary to factor in the investment of IT infrastructure, procedures and personnel into the due diligence process. ramsac is able to confidentially deliver a comprehensive report detailing the value, cost and compatibility of these assets to a company.

Due diligence must take place whenever a company changes hands or goes through the process of acquisition and so obviously IT is a major consideration within this process. ramsac addresses all the key IT questions that will arise during due diligence, including: What systems and staff are in place? Does the system need updating or replacing? Are these systems compatible with the acquiring companies existing infrastructure? If not, what will it take to join them efficiently? Is the prospective acquisition legally compliant? What are the on ongoing costs, such as contractual obligations to third parties? Are they fully licensed? If over licensed, what is the cost saving and if under licensed, to what extent?

Managing Director at ramsac, Robert May explains, “It is vital to assess how quickly, efficiently and cost effectively two businesses can merge.  ramsac uses its wealth of IT audit expertise to deliver a comprehensive and confidential report providing detailed information on all of these major factors to enable a decision to be made. “

Surrey based Roffe Swayne, a chartered accountancy firm with a large corporate finance team, comments on the new service from ramsac, “The IT due diligence service provided by ramsac looks at the potential liabilities and cost commitments that could impact the deal. It is very important to establish a plan for the successful integration of the two businesses after the deal is completed and IT is clearly a major consideration,” explains Corporate Finance and Outsourcing Partner at Roffe Swayne, Mark Leigh. 

May concludes, “Both ramsac and Roffe Swayne are experts in their respective fields. By working together we have been able to provide clients with a total end-to-end due diligence process.”

ramsac is currently expanding its IT auditing service across the UK and is keen to work closely with other accountancy practices to deliver the same quality of service to their client base.  In this highly competitive marketplace, the opportunity to add value to such a critical business process is obviously very attractive. It enables accountancy practices to set their due diligence services apart from the competition.