Capita has purchased British network provider Updata in a deal worth £80 million as the outsourcing firm continues with a round of acquisition purchases.

Updata delivers connectivity and network services to public and private sector clients including big name finance organisations such as HSBC and RBS.

The deal will see Updata, which employs 160 staff ibn six sites across the UK, join Capita’s IT services Division.

Capita has posted that the deal has helped the outsourcing company raise projected revenues from £41.8 million in 2014 to £74 million in 2015.

The acquisition comes after Updata worked with Capita on various projects in recent years including the Scottish Wide Area Network (SWAN).

Andy Parker, Capita chief executive, said: “As part of Capita, Updata will strengthen our network capability and ensure we continue to meet the needs of our clients across the UK.”

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