MRI Software has entered into an agreement to acquire Capita One, the software subsidiary of UK-listed Capita plc and a supplier of solutions across the UK public sector.
Upon close, MRI expects the acquisition to expand and complement its existing offering and accelerate future technology innovation for local authorities and local education.
“The acquisition of Capita One significantly enhances our ability to serve the UK public sector with flexible solutions that meet its evolving needs,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “MRI’s AI-first approach and platform are designed to empower clients to break down information siloes, unify data across systems and deliver the best outcomes for their communities.
Today’s announcement ushers in new possibilities for the industry, and our teams are excited about what’s ahead.”
The combination of MRI and Capita One is expected to create a broad suite of solutions that help local authorities optimise the asset lifespan, reduce team workload through self-service tools, drive data-informed decisions, and manage educational touchpoints to deliver optimal outcomes.
The public sector has been subject to continuous regulatory change, driving an increased need for software solutions that enable compliance.
MRI’s offerings are designed to improve the living experiences for millions of residents worldwide through specialised technology that automates processes, streamlines operations, and adapts to changes in legislation.
This acquisition will give Capita One’s clients access to a wider range of complementary technology to address the complexities of a highly regulated sector, while clients who use our other products will benefit from our new scale and pace of innovation in the future,
Capita One brings additional capabilities to expand MRI’s solutions for public sector customers in the UK and Northern Ireland, including:
The acquisition has been unanimously approved by the boards of MRI and Capita and is expected to close by the end of August 2024, subject to regulatory approval and approval by Capita’s shareholders.
For full details of the transaction, visit Capita Plc's market announcement at: https://www.londonstockexchange.com/news-article/CPI/disposal/16558237
For full details of the transaction, visit Capita Plc’s market announcement at: https://www.londonstockexchange.com/news-article/CPI/disposal/16558237
