Copyright (c) 2011 Talis Information Limited
|Summary||The Capita Group acquired Talis Information 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'sprofit 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.|
4 March 2011 -- 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.
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
|Type of Material:||Press Release|
|Issue:||March 4, 2011|
|Publisher:||Talis Information Limited|
Talis Information Limited|
Mergers and acquisitions|
|Last Update:||2012-12-29 14:06:47|
|Date Created:||2011-03-04 05:25:14|