SD-Scicon Plc has duly sold its Warrington Associates Inc Minneapolis acqusition – now called Warrington Financial Systems Inc – to disaster recovery and financial systems specialist Sungard Data Systems Inc, Wayne, Pennsylvania – for $65.3m UKP39.8m – giving the company a healthy $25m profit – because SD-Scicon is retaining $10m of Warrington debt – on the $30m Systems Designers paid for the company early in 1985 (CI No 116). Warrington, which offers investment management systems, and provides computer services for banks, did about $38m in 1989. The sale achieves SD-Scicon’s key aim of substantially reducing its debt (CI No 1,338).
