Belfast Telegraph

Growing Belfast IT company Asidua bought by London competitor Civica

By Claire Weir

A Belfast-based IT firm has been sold in a rumoured multi-million pound deal.

Asidua, which also has offices in Dublin and Birmingham, has been snapped up by competitor, London-headquartered Civica, for an undisclosed sum.

The new owner specialises in software, integration and consultancy services for government and corporate customers in the UK and around the world.

Simon Downing, chief executive of Civica, said that the acquisition would broaden support for all customers.

"The combined business is very well placed to respond to the needs of customers, in particular as they seek to deliver major service and financial improvements through digital transformation." he said.

Steve Brankin, chief executive of Asidua, which employs 130 people, added: "This is a very positive development for customers, partners and employees.

"We have achieved good momentum and we look forward to building on our joint strengths and vision in order to deliver increasing value to customers."

Belfast commercial law firm Tughans acted for the shareholders and directors of Asidua during the deal.

Asidua was set up in 2002 to provide integration, software and consultancy services to government and corporate clients in the UK, Republic of Ireland, mainland Europe, USA and the Far East.

Clients include BT, the PSNI and city councils in Leeds and Milton Keynes.

The business has been growing, and last week said it would be looking for IT professionals to join its expanding team. Its new owner Civica has 2,000 employees.

In its last accounts it had profits of £51,000 on £6m turnover.

Michael Noble, chief executive of Northern Ireland IT trade body Momentum, said that the acquisition was another sign of the strong health of the software sector in Northern Ireland.

"Our local companies continue to develop products and services that are significant on the world market," he said.

Belfast Telegraph

Popular