Anite Group PLC
19 April 2001
Anite Group plc ('Anite' or 'Company')
Anite acquires BCT for a consideration of £1.35m
Anite, the European IT consultancy and services company, today
announces that it has acquired Business Computer Technology
Ltd ('BCT') for a consideration of £1.35m.
The consideration will be satisfied by the issue and allotment
by Anite of 1,112,943 ordinary shares of 10 pence each in the
capital of Anite ('Anite Shares'), at the rate of 121.3 pence
per ordinary share.
BCT is a specialist public sector supplier which develops,
supplies and maintains software applications for the
management of corporate debt and other solutions. The business
will be merged into Anite Public Sector's ('APS') Scottish
organisation and all its operations will be branded Anite in
line with current strategy. BCT's business is based in
Glasgow and engages around 20 people.
APS has a focused distribution strategy to the public sector
with products and services supplied to local government
finance, revenues, housing and social services departments.
It is also well placed to work in partnership with local
authorities on corporate e-government initiatives.
Government initiatives are driving the Public Sector to adopt
an holistic approach to customer service. This means that the
management of debt, which has traditionally been undertaken at
departmental level within Local Authorities, must now be
managed corporately. This acquisition further strengthens
Anite's leading position in the Public Sector market by
offering an additional market leading solution in this area.
BCT's portfolio also includes e-procurement and other web
based applications that complement Anite's existing e-
government capability.
Commenting on the acquisition, John Hawkins, Chief Executive
of Anite Group plc said:
'This acquisition offers a unique solution and further
strengthens Anite's leading position in the Public Sector
market, recently enhanced by the acquisition of the government
applications business of International Computers Limited.'
For further information please contact: www.anite.com
Anite Group Plc 0118 945 0121
John Hawkins, Chief Executive
Golin/Harris Ludgate 020 7324 8888
Reg Hoare/Claudine Cartwright
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