Capita divests part of IBS OPENSystems
31 July 2009
Capita divests IBS OPENSystems' revenues and benefits business
The Capita Group Plc ("Capita") announces the sale of IBS OPENSystems' revenues
and benefits software business to Civica UK Limited for £10 million on a cash
free, debt free basis.
Capita agreed to sell this business to resolve the competition concerns
identified by the Competition Commission following its investigation into the
acquisition of IBS OPENSystems plc ("IBS") by Capita in June 2008. The revenues
and benefits business forms approximately one third of IBS.
Following the divestment, Capita will fully integrate IBS's housing software
business, which is being retained.
- ends -
For further information:
The Capita Group Plc
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Tel: 020 7799 1525
Capita Press Office
Tel 020 7654 2399
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 2008 of £2,441 million.
Further information on The Capita Group Plc can be found at: http://
www.capita.co.uk
Capita Software Services attributes its position as the leading supplier of
software solutions to the public sector and housing marketplace to its strong
partnership approach. It works closely with customers to provide tailored
systems in the disciplines of customer services, mobile technology, payment
collection, income management, integrated housing management, revenues and
benefits processing and services and policy training. Capita Software Services'
customers benefit from a bespoke service, helping them to streamline their
processes and deliver a high performance citizen-centric service
As a division of the Capita Group Plc, the company has experienced strong and
consistent growth since its inception in 1994 and works with over 70 per cent
of local authorities in the UK. Further information on Capita Software Services
can be found at: www.capita-software.co.uk
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