4 March 2011
CAPITA ACQUIRES TALIS INFORMATION LIMITED
The Capita Group Plc (`Capita') today announces the acquisition of Talis
Information Limited (`TIL') for a consideration, on a cash-free, debt-free
basis of £18.5 million, plus up to a further £2.5 million depending on TIL's
profit performance in the year to 31 March 2012. The acquisition will add
valuable new expertise and capabilities to Capita's existing products for the
academic and public sector.
With a range of around 100 academic and public library clients, TIL is a market
leader in its sectors, providing management software and managed services. TIL
made an operating profit, on a pro forma basis, of £3.5 million on turnover of
£7 million for the year ended 31 March 2010.
Paul Pindar, Chief Executive of Capita said: "The acquisition of Talis
Information Limited will enable Capita to offer a wider set of services to the
further and higher education markets and to local authorities, where we have a
strong client base."
TIL employs 42 staff, all of whom are based in Birmingham.
For further information please contact:
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Tel: 020 7799 1525
Capita press office
Tel: 0207 654 2152 or 020 7654 2152 (out of hours)
Notes to editors:
The Capita Group Plc is the UK's leading provider of BPO and integrated
professional support service solutions. With 37,000 people at more than 350
sites, including 64 business centres across the UK, Ireland, the Channel
Islands and India, the Group uses its expertise, infrastructure and scale
benefits to transform its clients' services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), and is a
constituent of the FTSE100 with revenues for 2010 of £2,744 million. Further
information on The Capita Group Plc can be found at: http://www.capita.co.uk