MNS Manpower Sw

RNS Number:7125R
Manpower Software PLC
07 April 2008


MANPOWER SOFTWARE PLC ("the Company")

ACQUISITION ANNOUNCEMENT


7 April 2008

Manpower Software plc is pleased to announce the acquisition of Key IT Systems
Limited ("Key IT"), the market leader in the provision of software solutions for
the management of temporary staff (otherwise known as "bank staff") in the NHS
for an initial consideration of �375,000 in cash.  Deferred consideration of up
to a further �455,000, to be paid in ordinary shares in the Company (such shares
to be issued at the closing mid-market price of the Company's ordinary shares as
at 4 April 2008, which was 53.5 pence per ordinary share), will be payable
dependent upon the level of support contract renewals in 2008 and 2009.

The acquisition of Key IT enables Manpower Software to offer a fully integrated
e-rostering and bank staffing solution to Key IT's customers, where the Company
will be represented in more than 90 additional  NHS Trusts.

Key IT's unaudited profit before tax for the year ended 31 January 2008, as
reported by management, was �50,682.  Further, the vendors of Key IT have
warranted that the net assets of Key IT at completion will be not less than
�29,395, which figure excludes any value attributable to capitalised research
and development costs.

The Directors believe the acquisition will be earnings enhancing in the first
full year of ownership, before any amortisation of intangible assets or
impairment review of goodwill.



 Ian Bowles, CEO of Manpower Software plc, said:



"Our business strategy for the Healthcare sector is to be the leading supplier
of workforce optimisation solutions to the UK NHS and broader healthcare
markets.  The acquisition of Key IT considerably strengthens our position and
moves us closer to the accomplishment of that goal. The combined strength of
the two businesses will bring real benefit to all our NHS and healthcare
customers, and we look forward to demonstrating our continued commitment to the
healthcare industry over the coming months."



Enquiries:

Manpower Software plc

Simon Thorne, Chief Financial Officer                    020 7389 9500


Numis Securities

Michael Meade
James Black                                              020 7260 1000


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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