IT systems and services specialist Maxima Holdings is to offer a new product to its construction clients after buying software company SevenThree. The £1.1 million deal has added a customer relationship management system to its business.

IT systems and services specialist Maxima Holdings is to offer a new product to its construction clients after buying software company SevenThree. The £1.1 million deal has added a customer relationship management system to its business.

The consideration comprised £684,000 in cash, funded from Maxima’s existing resources, with the balance satisfied through the issue of more than 175,000 new ordinary shares. Under the terms of the deal, Maxima has also paid SevenThree’s £93,000 debt.

This deal follows two other acquisitions by Maxima that closed at the end of last year. In October it bought Cognition Solutions, a business systems supplier to contracting, construction and maintenance companies. This was followed a month later by IIL, an IT infrastructure and managed services business.

Cheltenham-based Maxima reported a £19.1 million turnover in the year to the end of May 2006, generating an operating profit of some £1.5 million.

SevenThree has 11 employees at its Coventry base supplying customer relationship management software and services primarily to the UK and Irish construction and building products sectors for organisations such as Balfour Beatty Rail, Dimplex, Hanson, Sisk, Kingspan and Amey.

In the year to the end of March 2006, SevenThree made a profit before tax of £130,000 on £1 million turnover.