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.
-ends-
For further information please contact:
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Tel: 020 7799 1525
Media enquiries:
Caroline Mooney
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.