Capita IT Services slurps up small security biz
London-based reseller & 46 staff assimiliated in buyout
Crapita Capita IT Services confirmed today it has hoovered up security reseller minnow Network Technology Solutions for an undisclosed sum.
This is the first bite-size deal of the year for CITS but given its historic addiction to acquisition will unlikely be its last.
London-based NTS (UK) majors on intrusion detection and prevention, data loss prevention and remote access, sold as point products or part of a managed service.
Customers include North Yorkshire County Council, Trafford Council, Guy's and St Thomas' NHS Foundation Trust and insurance firm Endsleigh.
The 46 staff who worked at the business' London and West Yorkshire pads will transfer to the new owner.
CITS executive director Peter Hands said its latest conquest brings new clients in "many of the sectors in which we operate". He said the buy will strengthen its security biz, which is nice.
In the year to 31 December 2013, NTS turned over £10.6m, up from £8.4m in the previous calendar year and after admin expenses, tax, interest it pocketed £801k in profit.
In the same timeframe, CITS pushed up revenues to £590m from a little shy of £550m in 2012 when the business went through all sorts of turmoil, putting 1,000 workers at risk of redundancy.
Capita did not disclose profits at its IT wing but said that with new management in place and "more favourable" market conditions, the business' performance was on the up. ®