31 March 2014
Capita acquires Updata
Capita plc has acquired IT network services provider Updata Infrastructure (UK)
Limited ("Updata") for a cash consideration of £80m on a cash free, debt free
basis.
Updata provides a range of networking and connectivity services to mainly
public sector clients and has a reputation for excellent service combined with
an innovative approach to achieving best value for its clients.
It is forecasting an operating profit of £5.6m on turnover of £41.8m in its
financial year to 30 June 2014. For the 12 months to 31 December 2015, Capita
expects Updata to generate operating profits of c. £12m on revenues of c. £74m.
Capita and Updata have had a strategic alliance in Scotland since October 2011,
working together on contracts for local authorities in West Dunbartonshire,
North Ayrshire, Fife and East Lothian. The two companies have also recently
started working together on a framework contract to deliver the Scottish Wide
Area Network (SWAN), a single public services network for the use of all public
service organisations within Scotland.
The contract value for SWAN is up to £325m over nine years. More than 4,600
sites will be connected to the initial network including schools, hospitals, GP
surgeries, pharmacists and local council offices. Key benefits include reduced
costs, improved service and the ability to share data across organisations,
fostering co-operative working.
Capita chief executive Andy Parker said: "Updata has a strong reputation across
the public sector as a provider of IT networks that help schools, councils and
health bodies deliver improved services. As part of Capita, Updata will
strengthen our network capability and ensure we continue to meet the needs of
our clients across the UK."
Updata employs 160 people at six UK offices with a head office in Reigate. The
acquisition will become part of Capita's IT Services division.
For further information:
Capita plc
Tel: 020 7799 1525
Andy Parker, Chief Executive Officer
Shona Nichols, Corporate Communications Director
Media enquiries only:
Capita press office
Simon Coughlin
Tel: 020 7654 2192 or 020 7654 2399 (out of hours)
Email: simon.coughlin@capita.co.uk
Note to editors
Capita plc is the UK's leading provider of BPO and integrated professional
support service solutions. With 64,000 people at over 400 sites, including 73
business centres across the UK, Europe, India and South Africa, 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 FTSE 100 with 2013 revenue
of £3.9 billion. Further information on Capita plc can be found at:
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.