21st Dec 2009 09:39
21st December 2009
CAPITA ACQUIRES SYNETRIX (HOLDINGS) LTD
The Capita Group Plc ("Capita") today announces that it has acquired Synetrix (Holdings) Ltd ("Synetrix") from funds advised by Apax Partners ("Apax") and the management of Synetrix for a cash consideration of 75m, net of cash acquired.
Synetrix is a provider of ICT application and communications solutions to both public and private sector organisations. Synetrix specialises in the design, development, integration and deployment of converged networks, hosted application solutions, managed security solutions and software platforms. Clients for its broadband and infrastructure services include the London Grid for Learning, comprising all 33 London local authorities, and the East Midlands Broadband Consortium, a grouping of eight local authorities.
Synetrix is forecasting an operating profit for the year ending 30 June 2010 of 10.9 million on a turnover of 73.7 million.
Capita IT Services currently offers organisations the full ICT lifecycle ranging from business analysis through to a fully managed service. The acquisition of Synetrix will add to and strengthen Capita's IT capabilities.
Paul Pindar, chief executive of The Capita Group Plc, said: "The acquisition of Synetrix will enhance and expand Capita's current IT capabilities. With the acquisition of Synetrix we will gain a number of key new customers and our enlarged IT services business will benefit from new expertise in a range of areas that support existing capabilities."
Synetrix Ltd has circa 193 employees, based in offices in the Midlands and South East.
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For further information please contact:
The Capita Group PlcTel: 020 7799 1525Paul Pindar, Chief ExecutiveShona Nichols, Corporate Communications DirectorPress enquiries:Capita press office020 7654 2399
The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 36,000 people at more than 300 sites, including 62 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 2008 of 2,441 million.
Further information on The Capita Group Plc can be found at: http:// www.capita.co.uk
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