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News

Secure information system business acquisition

Northgate Information Solutions : 01 August, 2008  (Company News)
Northgate buys into information security for government and public sector businesses with the acquisition of Anite Public Sector Holdings
Northgate Information Solutions has agreed to acquire Anite Public Sector Holdings, which incorporates Anite’s local government and secure information systems businesses, for a total cash consideration of £54.3 million payable at completion, subject to the settlement of a £3.8 million receivable owed by Anite to Anite Public Sector and a working capital adjustment following completion. The deal confirms Northgate’s position as the UK’s leading player in the local government and criminal justice public services market.

The deal which comes four months after the acquisition of Northgate Information Solutions plc by private equity firm Kohlberg Kravis Roberts & Co (KKR) demonstrates the new owners’ commitment to expand Northgate’s public service business and to realise value through successful and strategic acquisition.

The acquisition enables Northgate to deliver improved and enhanced services to its local government clients including adding to its leading position in revenues and benefits and housing by becoming the number one provider of social care and document management services. With Anite’s Secure Information Solutions business track record of delivering major business change and technology programmes, the new organisation will have an unrivalled capability of delivering business-focused change programmes and integrated services to the criminal justice and police markets. It also equips Northgate with further skills and capacity to spearhead its move into increasingly strategic and complex public services contracts.

The deal builds on Northgate Public Services’ highly successful track record of delivering value through strategic acquisition. This success lies in promoting a performance culture, driving through product innovation and embedding quality through the process of integration.

David Meaden, Chief Executive of Northgate Public Services, said today: “The acquisition of Anite Pubic Sector is great news for Northgate. It demonstrates how and why KKR’s investment approach makes them an ideal partner for Northgate. We share a common business philosophy for long-term value creation.

“We are committed to supporting public service excellence, building and developing innovative partnerships with our clients to transform public services and place the citizen’s needs at their heart. This deal will help us to provide them with the enhanced services and solutions which form an integral part of that transformation.”
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