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Capita buys Updata

London: Capita has acquired IT network services provider Updata Infrastructure (UK) Limited for a cash consideration of £80m.Updata provides a range of networking and connectivity services to mainly public sector clients. It is forecasting an operating profit of £5.6m on turnover of £41.8m in its financial year to 30 June 2014. For the 12 months to 31 December 2015, Capita expects Updata to generate operating profits of c. £12m on revenues of c. £74m. Capita and Updata have had a strategic alliance in Scotland since October 2011.

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