Alpha Acquires Delta

Alpha Microsystems said Monday it agreed to acquire management and consulting services provider Delta CompuTec Inc. for $8.2 million, including the repayment of debt. Santa Ana-based Alpha said that if the acquisition were included in its revenue for fiscal 1998, it would have increased abut 70%, based on Delta CompuTec’s fiscal 1997 revenue of $13.4 million.

Delta CompuTec reported earnings of $1.8 million for the last fiscal year before interest, taxes, depreciation and amortization, Alpha said.

Alpha Microsystems, which provides computer consulting, maintenance and networking services, reported losses of $3.3 million, or 30 cents a share, on sales of $19.3 million for the fiscal year ended Feb. 22.

In connection with the acquisition, ING Equity Partners issued a letter agreeing to provide as much as $20 million to Alpha in the form of a preferred stock investment. ING would receive warrants for up to 42% of Alpha’s common stock, but Alpha said it does not plan to seek the full amount.

The company also reported Monday that it lost $989,000, or 9 cents a share, for the first fiscal quarter ended May 24, compared with a net loss of $1.1 million, or 11 cents a share, for the first quarter of the previous fiscal year. Sales rose 20% to $5.4 million from $4.5 million.