Delphi Systems Buys Rival McCracken: Delphi Information...
From Times Staff and Wire Reports
Delphi Systems Buys Rival McCracken: Delphi Information Systems Inc., a Westlake Village provider of computer systems to the insurance brokerage industry, said it acquired McCracken Computer Inc. for about $10.2 million in cash and stock. McCracken was a privately held firm based in Burlington, Mass., formerly headed by Frank McCracken. In the acquisition, Delphi paid him and McCracken’s other shareholders $3.2 million in cash and 1.03 million shares of Delphi common stock valued at $6.95 million.
