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MRI Software has completed the acquisition of Capita One, a subsidiary of UK-listed Capita plc, to expand UK public sector offering.
The landmark deal was first announced in July. The regulatory conditions for the transaction have been obtained.
In acquiring Capita One, MRI gains additional capabilities that complement its existing public sector offering for customers in the UK.
Capita One’s solutions for education, tax calculation and collection, benefits administration and housing align well with MRI’s solutions for social housing management and local government, with the shared aim to simplify compliance, property management, accounting, operations and resident services.
Patrick Ghilani, chief executive officer of MRI Software, commented: “We believe technology innovation plays a key role in creating safe, thriving communities, and we look forward to helping local authorities and social housing providers drive efficiencies and reduce complexity through combined offerings from MRI and Capita One.
“Our open and connected approach to software strives to equip clients with flexible solutions that evolve as requirements change.”
“This acquisition presents an opportunity for Capita One clients to benefit from MRI’s successful track record of supporting the public sector,” said Jon Peart, Managing Director, Capita One. “We are excited about the opportunity this will present to Capita One clients as part of the MRI family.”
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