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Managed Services Acquisition: Capita Buys MSP
In the latest managed services industry M&A, Capita Group PLC is buying Carillion IT Services Ltd. (CITS), which specializes in outsourcing, managed services and Cisco-centric solutions.
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In the latest managed services industry M&A, Capita Group PLC is buying Carillion IT Services Ltd. (CITS), which specializes in outsourcing, managed services and Cisco-centric solutions.This is the sixth merger or acquisition to land on our MSPmentor M&A Tracker so far in 2009. Financial terms of the Capita Group-CITS deal were not disclosed.
Here are some quick stats about both companies.
Acquired: CITS has roughly 440 employees across the United Kingdom and Scotland and expects to generate an operating profit for the year ending 31 December 2009 of £3.7m on a turnover of £66m, according to Channel Register.
The buyer: Capita Group positions itself as the UK’s leading outsourcing company. Among the company’s focus areas, Capita Group:
Provides IT services to more than 2,400 schools in the UK.
Offers a service desk to more than 50 clients and deals with more than 220,000 incoming emails and calls per year.
Manages more than 10,000 desktops for customers.
We’ll follow up with Capita Group in a few months to see how the acquisition plays out.
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