GCS raises $25 million

Press, 13 September 1988, Page 28

GCS raises $25 million

GCS, Ltd, the State-owned enterprise which evolved from the Government-owned Computer Service, is raising $25 million by a promissory note issue. GCS’s activities cover bureaux, networks, business systems, payrolls, management of integration, facilities and application, consultancy, training, videotex, and microcomputer evaluation and support. It has a staff of more than 400 and is the country’s largest supplier of integrated network systems. Clients include the Inland Revenue Department, the police, the Department of Social Welfare, the. Ministry of Transport, the Housing Corporation, the Customs Department, Valuation New Zealand, State Insurance, the Department of Education, New Zealand Post, the Public Trust, the Treasury, and the Audit Office. GCS had its origins from the amalgamation of the computer bureaux of the Treasury, Education, and Statistics departments in the mid-19605. The Government Computing Service was set up as an autonomous agency after the Hunn review in 1965. GCS now competes for the business of Public Service clients in competition with the private sector. The chairman of the GCS board is Mr D. C. McDonald, managing director of Mitsubishi Motors New Zealand. Other directors are: Mr K. R. Bolton, an informations technology consultant; Mrs E. C. Kennedy, a sharebroker; Mr P. V. Lough, deputy chief executive of the Dairy Board; Mr P. R. Pyke, principal of Battle Wilson; Mr L. D. Ryan, chairman of the Airways Corporation of New Zealand.