Copyright (c) 2011 Talis Information Limited
Abstract: 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. Capita Software Services today announces the acquisition of Talis Information Limited ('TIL'), a provider of library management software, for £18.5 million.
The software enables libraries managed by local authorities and higher education institutions to manage their lending process and resources such as books, journals and DVDs. It will also give library users access to rich bibliographic catalogues held by other libraries, such as The British Library or the US Library of Congress, and place orders for inter-library loans where possible.
The acquisition adds valuable new expertise and capabilities to Capita Software Services' existing products for the academic and public sector. Dave Errington will remain as chief executive and he will be joined by Jon Peart, associate director, Capita Software Services, to run the day to day operations.
"Despite the changing landscape, libraries remain an important public service. We expect to see an increasing shift online, or the consolidation of physical entities that share their service delivery," said Ian Gates, divisional director, Capita Software Services. "Whatever the method of delivery, it will need to be underpinned by a robust and powerful management system that can assist change and drive efficiencies in this essential service sector."
For further information please contact: Capita Press Office, 0207 654 2399
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
The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 36,800 people at more than 250 sites, including 60 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 £2,744m.
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 07:02:35|