Feeds

Capita targets SMEs after public sector losses

Predicts strong performance in 2008

3 Big data security analytics techniques

Capita Group has spat out a bullish 2008 forecast and said private sector deals had pushed up the value of new contracts to £1.89bn for the year, an increase of 38 per cent on 2006.

It said in a trading statement that despite corporate and government spending being squeezed, it was confident opportunities would increase at the IT outsourcing firm.

In the past few months, Capita has won two big contracts with insurance companies.

Just last week it netted a huge deal worth £722m over 15 years with the UK's second largest insurer, Prudential. Under that agreement, the firm will increase its workforce by 3,000.

In October it signed a £270m deal with Co-operative.

Capita said the 12 acquisitions it had made to date in 2007, worth £112m over the year, would help bolster its ambitions for the year ahead.

It added that it was setting its sights on buying up small to medium-sized firms to help extend its footprint in that market.

"Our bid pipeline has been replenished strongly after our record wins this year and our two most active markets remain local government and life and pensions.

"We also believe that our clients' likely emphasis in 2008 upon increasing cost efficiency whilst materially improving service quality will generate an enhanced level of opportunities."

Looking ahead, it said: "With the excellent revenue visibility that we enjoy, we are confident we will deliver a strong performance in 2007 and 2008 and we have a good pipeline of opportunities to fuel growth beyond this."

However, it's not been all good news at the firm. Last week it lost a major public sector contract with the North East Lincolnshire Council because neither side was able to reach a satisfactory agreement on a deal said to be worth £175m.

Capita has also been served a massive blow by losing out to IBM over its contract to administer the Capital's congestion charge on behalf of Transport for London. That contract will end in 2009. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.