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Charteris Interim Results (1520 words) |
 | The additional revenue of #0.6 million was contributed by Cedalion, the Edinburgh based technical consultancy, which was acquired on 29 October 2004. |
| The acquisition of Cedalion has effectively now added a fourth practice to the structure (with remits defined on a geographic basis and also according to business delivered for the Group from centres of excellence within that practice). |
| Cedalion also has a risk and compliance proposition to help clients in the Financial Services sector address increasing regulatory demands. |
| ScotlandIS News (247 words) |
| EDINBURGH firm Cedalion, which was last week named one of Scotland's fastest growing technology companies in the Deloitte Fast, has been bought out in a cash and shares deal worth £3 million. |
| Cedalion specialises in the provision of custom software applications to the finance industry, and boasts a number of big-name clients including HBoS, Aegon and Aberdeen Asset Management. |
| London-based Charteris said that during 2004 Cedalion had been consolidating its position and developing new business lines and this investment in the future had "affected performance". |
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