Callcredit makes acquisition
CALLCREDIT Information Group has today announced the acquisition of software solutions firm Coactiva.
The Leeds-based credit reference business said the deal, for an undisclosed sum, extends the range of “innovative” products and services it offers to the public sector and described it as a clear statement of its intent to further support public sector organisations, as it looks to secure more work in this sector.
Established in 2001, with offices in London and Wales, analytical software solutions and consultancy provider Coactiva is a pioneer in bringing ‘Big Data’ analytics and business intelligence solutions within many public sector organisations.The turnover of the existing Coactiva business is around £3m.
It provides the Intercept RBV solution and Aspireview performance management software to over 23,000 users across the UK, which includes 1,800 educational establishments, 130 local authorities and organisations within social housing, the emergency services, health and leisure.
Peter Mansfield, managing director at Callcredit, said: “The acquisition of Coactiva further demonstrates our continued commitment and enthusiasm to developing our Public Sector business.
“We have enjoyed significant success and growth since its inception three years ago and this acquisition reflects our ambition for this sector. The addition of Coactiva’s cloud-based performance management software and risk based tools will add expertise, depth and a further dimension to the range of products and services we are able to offer new and existing clients in both the public and private sector. We are committed to continuing to invest in the success of the combined Callcredit and Coactiva business.”
Callcredit said the acquisition will provide opportunities to both parties in terms of exposure to each other’s client base and the company expects this to be a growth area. Therefore, it said this may result in roles being created post acquisition. Callcredit confirmed that jobs at Coactiva will be retained.
Ray Fielding, chief executive officer at Coactiva, added: “This is an exciting new chapter in the development of our vision to bring true innovation and value to the public sector. Coactiva has grown rapidly in recent years and this step will give us access to new markets as well as a unique capability to create a new class of solutions which combine Callcredit’s information and analytics expertise with our software and sector expertise. In Callcredit we immediately recognised an organisation with a similar culture to ourselves, an ambitious UK company with a real commitment to customers, to staff, to quality and to making a difference.”
Last year, the West Yorkshire private equity-backed firm, which also provides marketing services and analytics for businesses and consumers, signed a lease for an additional 6,000 sq ft at its Park Lane site, meaning it now occupies 65,000 sq ft in the building. It employs more than 900 staff.
In the last set of results announced by Callcredit in May last year, the group reported full year profits of £17.3m with profits from operations increasing 40% on the previous year and revenues increasing by 25% year on year.
