NorthGate Managed Services SOLD

[synaesthesia]

Ugh - surely they should be tidying their own yard first before tackling someone elses.

 

Capita gobbles Northgate Managed Services for £65m

[m25man]

Another casualty of the BSF failure no doubt...

 

"At the time, NMS represented 23 per cent of Northgate’s turnover (FY08) (now only 17 per cent because of the acquisitions made by NGA since then). So, although a simplification, you could say that NMS was bought for about £253m in 2008. The sale to Capita has therefore netted KKR almost 75 per cent less than they paid for it," he claimed."

 

Northgate thought they'd tap into the educational cash cow that all of these giants thought there was... Then reality kicked in.

[penfold_99]

Looks like Capita now own Northern Ireland, as Northgate won the BSF style bid to refresh their IT and SIMS.net was the only MIS that was going to be used.

[novastorm]

So the complete shambles AKA Northgate Managed Services finally Bite the Bullet and has now been sold off to Capita.

 

All I can say is Bye Bye northgate its good to go!

Capita Agreed to Acquire Northgate Managed Services from Northgate Information Solutions

 

 

Northgate-is - News Item 1195

 

 

 

Capita shares drop after £65m IT purchase amid City sell notes

 

Capita shares drop after £65m IT purchase amid City sell notes | Business | guardian.co.uk

 

 

'£100m For Sale' sign plonked outside Northgate MS - sources

 

 

'£100m For Sale' sign plonked outside Northgate MS - sources

 

 

I think that its a good move a step in the right direction

Edited February 19, 2013 by novastorm

[novastorm]

[h=1]Capita Agrees Bargain Deal To Buy Out Northgate Managed Services[/h]

Capita Agrees Bargain Deal To Buy Out Northgate Managed Services | ChannelBiz UK

[synaesthesia]

No need to crosspost, besides it's already been covered : http://www.edugeek.net/forums/general-chat/108801-capita-swallow-northgate.html

[john]

Threads merged