Castleton Technology swoops for software firm

CASTLETON, the software and managed services provider to the public and not for profit sector, has acquired Yorkshire software provider Opus.

Driffield-based Opus, a specialist software provider to the social housing sector, is being bought for an initial £500,000, up to a maximum of £1.5m, depending on performance.

Opus brings 16 housing association customers to the group. The social housing sector is an important market to Castleton and the addition of Opus’ proprietary software solutions will significantly enhance Castleton’s software offering, building out a bank of unique public sector focused IP, the company said.

Castleton is also buying Keylogic, an infrastructure managed services provider with a focus on the social housing sector, for around £3.8m, while it announced the disposal of the consultancy division of Montal Computer Services to its management for a total consideration of £600,000 in order to focus on its portfolio of specialist software solutions.

Ian Smith, chief executive of Castleton, said: “These two acquisitions give a real boost to Castleton’s offering to its existing customers and opens up many more potential customers to us. Castleton is a fast growing company and I expect these two new additions to accelerate that pace. We shall continue to seek opportunities to further build out our strong position in the public and not for profit sector. I wish the management of our disposed consultancy business very well.”