U.K.-Based Civica to Acquire Comino Group for £50 Million

London -- Civica, a U.K.-based council outsource firm, announced that
it has agreed to acquire Comino Group Plc, a social housing software
firm, for approximately £50 million. Under the terms of the deal,
Civica will pay 335 pence in cash for each Comino share. Civica said
the acquisition of Comino would provide it with greater scale and focus
in the provision of public-sector systems and strengthen its position in
the local government IT market. "The businesses have been working
together in the market for some time, and the acquisition provides a
great strategic fit for customers and makes sound commercial sense for
both companies," said Civica CEO Simon Downing.
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