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Capita acquires Talis Information Ltd

4 Mar 2011 12:00 AM | Anonymous

The Capita Group Plc has announced the acquisition of Talis Information Limited for a consideration, on a cash-free, debt-free basis of £18.5 million, plus up to a further £2.5 million depending on TIL's profit performance in the year to 31 March 2012.

TIL made an operating profit, on a pro forma basis, of £3.5 million on turnover of £7 million for the year ended 31 March 2010.

Paul Pindar, Chief Executive of Capita said: 'The acquisition of Talis Information Limited will enable Capita to offer a wider set of services to the further and higher education markets and to local authorities, where we have a strong client base.'

TIL employs 42 staff, all of whom are based in Birmingham.

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