Feeds

Serco gulps more gov contracts with VDS gobble

Job Centre, child maintenance deals in £55.5m buyout

Intelligent flash storage arrays

Services and systems colossus Serco has taken charge of more government contracts by buying out Vertex Public Sector's data division: Vertex Data Science (VDS).

Serco splashed £55.5m in cash on the division - bringing in 3,000 employees and scooping its meaty government contracts, including administering child maintenance grants and running Job Centres.

Serco announced the buy-out of Vertex Data Science today, promising that the acquisition of expertise puts it in a position to apply for more and bigger government contracts, and will strengthen its current operations.

Vertex Data Science's 3,000 employees handle 4.5 million citizen interactions a year, the statement to investors declares. As well as handling all the data and systems for the Child Maintenance and Enforcement Commission and the JobCentre Plus agency - which helps people find jobs, pays out some benefits and administers National Insurance numbers - it also runs contracts for Westminster and Thurrock councils.

Serco had a revenue of £4.65bn and posted net profits of £175.10m for the 12 months ending December 2011. Vertex Public Sector Limited had approximately £110m of revenue and £8m of Adjusted operating profit for the year ending 31 March 2012. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.