One of the benefits of being a smaller company is that they (ALC) can make these kinds of acquisitions and do them quickly. I have worked for and with global companies and they wouldn't usually bother looking at small acquisitions.
Secondly, If ALC can roll a few companies together, with capabilities that continue to address client need then that's another competitive avantage. It will either serve them to be a standalone company as they are or an acquisition target. By stitching capabilities together, improving technology, acquiring new clients their ability to manage change and integrate is as important as their sales capability. I always sleep well with ALC, knowing there's a whole team in the UK putting in their best efforts while my head's on the pillow!
ALC Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
