21st Jun 2016 06:59
LONDON (Alliance News) - Blue-chip outsourcer Capita PLC on Tuesday said it has agreed to acquire software reseller Trustmarque Solutions Ltd for GBP57.0 million in cash from owner Ardbid Ltd.
Trustmarque provides an enterprise-as-a-service model designed to help customers integrate and better manage technology services. The group provides software asset management and strategic cloud consultancy services, Capita said.
For 2015, Trustmarque made earnings before interest, taxation, depreciation and amortisation of GBP7.3 million on revenue of GBP191.9 million.
"This acquisition provides Capita with a set of capabilities and expertise that complement our existing businesses - and the mix of core reseller activity and higher value services is a strong proposition that will sit well with our wider technology offering," said Andy Parker, Capita's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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