Feeds

Serco gulps more gov contracts with VDS gobble

Job Centre, child maintenance deals in £55.5m buyout

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
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
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.