Capita Acquires Trustmarque for £57mby Donna Toomey, June 21st, 2016
News in that Capita has acquired Trustmarque for £57m in cash. This is the fourth time Trustmarque has changed hands in three years and as a major Microsoft licencing house, it will be interesting to see how this impacts their relationship and the company’s increasing focus on Microsoft Cloud Solutions including Office 365 and Azure.
Capita has acquired Trustmarque for £57m in cash, ending the software licensing and services outfit’s search for a new backer.
As well as having a similar public sector focus to Trustmarque, Capita said it had worked with the licensing specialist for many years as its embedded software fulfilment partner for Capital Technology Solutions.
“This acquisition provides Capita with a set of capabilities and expertise that complement our existing businesses – and the mix of core reseller activity and higher value services is a strong proposition that will sit well with our wider technology offering,” said Andy Parker, chief executive at Capita.
Trustmarque chief executive Scott Haddow (pictured) added: “We are now well positioned for strong organic growth, supported by Capita’s impressive expertise, experience and scale. There are a number of opportunities for integration – including our success selling services through G-Cloud – that will help us to lower costs and cross-sell services to customers.”