Thursday, 4 June 2009

Capita forced to sell IBS R and B business

(By Anthony Miller – Wednesday 4th June 2009 7:45am). Further to the news – on April Fool’s Day – that the Competition Commission had ruled against the Capita/IBS merger, the CC issued a ruling today (see here) requiring Capita to sell off the IBS Revenues & Benefits business – or all of IBS if it can’t find a buyer. The CC has said that Capita can keep IBS’ Social Housing software business as “there are considerably more suppliers in competition with the merged company”. Capita issued a statement (see here) that discussions have already commenced with potential buyers. For the background to this saga, the likely impact on Capita, and our thoughts on who those potential buyers might be, TechMarketView subscription service clients need only click here.

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