By Katie Linsell - Sep 23, 2011 1:16 AM PT
Capita Group Plc (CPI), the provider of a criminal-records service for the U.K. Home Office, agreed to buy Cedar HR Software Ltd. from Advanced Computer Software Group for 15 million pounds ($23.1 million).
Cedar HR Software, which became part of Advanced in February 2010, provides duty management software to 30 police forces in the U.K., had sales of 6.2 million pounds in the 12 months through February, Capita said in a statement. Advanced Computer Software said in a separate statement it will use the cash to reduce its net debt.
Cedar is Capita’s third recent acquisition of a company providing outsourcing services to police authorities after buying SunGard Public Sector Ltd. last year and Beat Systems Ltd. this year.
“This acquisition adds both innovation and breadth to our solutions for police forces,” said Andy Parker, joint chief operating officer of London-based Capita, whose biggest clients include Greater Manchester, North Yorkshire and Thames Valley police.
Capita rose 0.3 percent to 715 pence in London trading as of 9.11 a.m.
To contact the reporter on this story: Katie Linsell in London at Klinsell@bloomberg.net
To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net
Posts
No comments:
Post a Comment