Capita is acquiring UK mobile and smart device software house AMT-SYBEX Group for £82 million, as it continues to make acquisitions.
The deal also includes the potential for Capita paying an extra £23 million for the firm based on the business reaching specific profit targets over the next 12 months.
Capita recently acquired British networking and connectivity services provider Updata in a deal worth £80 million. In February, Capita acquired Retain International, a provider of resource planning, scheduling and management software, and in March it purchased IT security specialist Network Technology Solutions, a privately-held security services firm.
Last year Capita bought Northgate Managed Services (NMS) from Northgate Information Solutions for a "knock-down price" of £65 million, and legal specialist STL Technologies for an undisclosed sum to boost its criminal justice offering.
AMT is a proprietary software business providing software and related services in mobile technology and smart data management to the utilities and transport sectors, which are key markets for Capita. Its clients include four of the "big six" energy companies, National Grid, Network Rail and Transport for London.
Founded in 1990, AMT has developed applications for its long term clients that support efficiencies and service delivery in energy and water supply, managing the data of 35 million consumers and enabling mobile working for over 35,000 employees.
In addition, the company's software products help clients to manage company assets, carry out mobile inspections and perform maintenance work on infrastructure. AMT's latest developed applications will enable data capture from smart meters as they are rolled out in the UK and across Europe.
AMT is forecasting an operating profit of £13 million on turnover of £45 million for its current financial year to January 2015. AMT employs around 250 employees based in Dublin, Belfast, Glasgow and Letchworth.
Andy Parker, Capita chief executive, said: "There are powerful synergies with Capita's existing footprint as it works within the utilities markets. AMT's products and services as part of a wider Capita offering have valuable applications in a range of other sectors, including health, defence, oil and gas and the finance and insurance markets."
John O'Brien, an analyst at TechMarketView, said: "These deal values are big by Capita’s standards. Capita spent a total of £271 million on 13 acquisitions last year under former chief executive Paul Pindar. AMT looks like a very smart move by Parker to break into a new and emerging area of data analytics for the utilities and transport sectors."
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