Capita acquires SunGard Public Sector Ltd
23 December 2010
CAPITA ACQUIRES SUNGARD PUBLIC SECTOR LTD
The Capita Group Plc (`Capita') announces today that it has acquired SunGard
Public Sector Holdings Ltd (`SPS UK') for a consideration of £86 million on a
cash-free, debt-free basis. SPS UK, a UK business of US-headquartered SunGard
Data Systems Inc., is a supplier of ICT, radio network services and
communication systems to the emergency services and to central and local
government.
The acquisition brings new market opportunities to the wider Capita Group,
particularly in the area of ICT solutions and outsourced services to fire,
police and ambulance authorities, while also complementing Capita's existing
services for the public sector. SPS UK's largest clients include police forces
and police administrative bodies, local authorities, the Highways Agency and
Airwave Solutions.
SPS UK made an operating profit for its financial year to 31 December 2009 of
£11.7 million on turnover of £110.6 million.
Commenting on the deal, Paul Pindar, Chief Executive of The Capita Group Plc
said: "This acquisition takes us into the business of supplying secure
information systems to police forces and ambulance trusts, introducing new
customers and opening up new markets for the wider Capita Group. This is a key
new area for Capita and, given the cuts in funding which the sector faces next
year, one which provides real opportunities for the Group to add value.
"Like many of our acquisitions, this will also complement our current business
process outsourcing and ICT services to the public sector and allow us to offer
a broader range of solutions to existing clients and markets."
SPS UK, which will be known as Capita Secure Information Systems, has around
950 employees, mainly in Chippenham, Gloucester and London.
-ends-
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Media enquiries
Capita press office
Caroline Mooney
Tel: 0207 654 2152 or 020 7654 2399 (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 36,000 people at more than 300
sites, including 59 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 2009 of £2,687 million. Further
information on The Capita Group Plc can be found at: http://www.capita.co.uk
Latest directors dealings
- 1 hour ago Galliford Try
- 1 hour ago Galliford Try
- 1 hour ago Centrica
- 1 hour ago Smith & Nephew
- 2 hours ago Greencoat UK Wind