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Computershare acquires Datacare

Hopes deal will help US consolidation

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Australian firm Computershare has purchased Monaghan-based software business Datacare for €12m.

The deal was announced on Thursday. Datacare was set up in Ireland in 1983 and currently has 63 employees in five countries. The firm provides entity management software to over 500 clients worldwide.

Last year Datacare came in at number 27 on the Deloitte Fast 50 and the firm was a finalist in the 2005 DHL Exporter of the year awards.

Representatives at Datacare were not available to speak with ENN prior to publication.

In a statement, Computershare said the purchase of Datacare continued its commitment to seek products and services that provide additional value for its client base and complements its existing World Records business.

The Australian firm said the acquisition of Datacare will help it drive consolidation in the US market. Computershare has 14,000 clients worldwide and has been active on the acquisitions front, acquiring over 60 companies in the past 12 years.

"We're really excited to be taking Datacare's product global. Every single one of Computershare's clients around the globe stands to benefit from access to the very best in corporate entity management solutions in the very near future," said Stuart Crosby, chief executive of Computershare.

The Australian firm said existing clients of both Datacare and World Records can expect service to continue as usual.

© 2007 ENN

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