UK investors are often cautious when software companies get involved with the National Health Service, but yesterday was a notable exception for Advanced Computer Software.

In just two days the group pulled off one of the largest secondary fundraisings on Aim this year, raising £43m after brokers Seymour Pierce and Mirabaud Securities placed 145m shares at 30p. The 20 per cent discount to last night's closing price will take Advanced's market capitalisation to £113m.