CPI Capita Plc

 
TIDMCPI 
 
1 October 2021 
 
This announcement contains inside information 
 
              Capita agrees to sell Secure Solutions and Services 
 
Capita plc (Capita) today announces that it has agreed to sell its Secure 
Solutions and Services (SSS) business to NEC Software Solutions UK Limited for 
a consideration expected to be £62m, on a cash free debt free basis. 
 
SSS is a provider of software solutions and managed services to the emergency 
services and justice sectors. 
 
Earlier this year, Capita announced its intention to sell a number of non-core 
businesses which will be used to strengthen the balance sheet and address 
upcoming maturities. Capita continues to make good progress towards its target 
of £700m of proceeds from disposals in 2021 and the first half of 2022. Adding 
the expected proceeds from this disposal to the amount that Capita has already 
raised would bring the total proceeds to circa £600m. 
 
The sale of SSS is subject to relevant approvals including customers and 
regulators. 
 
The revenue and the reported profit before tax of the SSS business for the year 
to 31 December 2020 were £72m and £10m respectively, and the gross assets were 
£63m at 30 June 2021. These figures also include a Radio Managed Service 
contract that is included in the sale and which is due to terminate at the end 
of 2022. The normalised revenue and EBITDA of the ongoing SSS business is circa 
£58m and £8m per annum respectively. 
 
The SSS senior management team and employees will be transferring with the 
business. 
 
Jon Lewis, Capita's Chief Executive Officer, said: "We are pleased to have 
agreed the sale of our Secure Solutions and Services business to NEC Software 
Solutions UK Limited following a competitive sale process. 
 
"We announced our intention to sell SSS earlier this year as part of our 
ongoing strategy to simplify and strengthen Capita. 
 
"The disposal is another step towards a more focused and sustainable business 
for the long term. 
 
"At the same time, our SSS colleagues and clients will join an established 
industry organisation with plans to take the business onto the next stage of 
its development." 
 
For more information, please contact: 
 
Investor enquiries 
Stuart Morgan 
Director of Investor Relations 
Tel: 07989 665484 
Email: IRteam@capita.co.uk 
 
Media enquiries 
Capita external communications 
Tel: 0207 654 2399 
Email: media@capita.co.uk 
 
About Capita 
 
Capita is a consulting, transformation and digital services business. Every day 
our 55,000 colleagues help millions of people, by delivering innovative 
solutions to transform and simplify the connections between government and 
citizens, businesses and customers. We partner with our clients and provide the 
insight and cutting-edge technologies that give time back, allowing them to 
focus on what they do best, and making people's lives easier and simpler. We 
operate across three divisions - Capita Public Service, Capita Experience and 
Capita Portfolio - in the UK, Europe, India and South Africa. Capita is quoted 
on the London Stock Exchange (CPI.L). 
 
Further information can be found at: http://www.capita.com 
 
About Secure Solutions and Services 
 
SSS is a leading provider of software solutions and managed services to the 
emergency services and justice sectors. It also has software and support 
services installed in 15 countries across five continents, protecting 135 
million people. 
 
SSS has been delivering advanced integrated systems to emergency services for 
more than 30 years. The main part of the business was acquired by Capita in 
2010, from Sungard Data Systems Inc, and through further investment and 
acquisition has expanded its capabilities to provide a full end-to-end 
portfolio of solutions. It has an extensive portfolio of more than 150 
customers, which includes many of the largest, most complex agencies across 
police, fire and ambulance services, as well as other public safety customers. 
 
About NEC Software Solutions UK Limited 
 
NEC Software Solutions UK has a proven history of developing innovative 
software for the public sector. Our ability to put vital information into the 
hands of those that need it is the reason why more than 50% of local 
authorities use us to collect revenues and administer benefits. It's why 17 
different police forces have chosen NEC CONNECT software to improve decision 
making at the frontline, why over 150 housing providers use NEC systems to 
manage their two million homes efficiently and why the NHS choose our 
technology to help them screen ten million babies for hearing loss. Based in 
the UK and working around the world, NEC Software Solutions UK's 3,100 
employees help improve the services that matter most. NEC Software Solutions UK 
is part of the NEC Corporation ("NEC", TSE: 6701), a leader in the integration 
of IT and network technologies that benefit businesses and people worldwide. 
For more information, visit necsws.com. 
 
Ends 
 
 
 
END 
 
 

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October 01, 2021 02:00 ET (06:00 GMT)

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