Acquisition will expand MRI's UK public sector
offering to include solutions for education, tax calculation and
collection, benefits administration and housing
LONDON, July 9, 2024 /PRNewswire/ -- MRI Software, a
global leader in real estate solutions and services, announces that
it has entered into an agreement to acquire Capita One, a leading
provider of software solutions across the UK public sector. Upon
close, MRI expects that the acquisition will expand and complement
its existing offering and accelerate future technology innovation
for local authorities and local education. Founded in 1994, Capita
One is a subsidiary of UK-listed Capita plc, a modern outsourcer
supporting primarily UK and European clients with people-based
services underpinned by market-leading technology.
"The acquisition of Capita One significantly enhances our
ability to serve the UK public sector with flexible solutions that
meet its evolving needs," said Patrick Ghilani, Chief Executive Officer of MRI
Software. "MRI's AI-first approach and platform are
designed to empower clients to break down information siloes, unify
data across systems and deliver the best outcomes for their
communities. Today's announcement ushers in new possibilities for
the industry, and our teams are excited about what's ahead."
The combination of MRI and Capita One is expected to create a
broad suite of solutions that help local authorities optimise the
asset lifespan, reduce team workload through self-service tools,
drive data-informed decisions, and manage educational touchpoints
to deliver optimal outcomes.
The public sector has been subject to continuous regulatory
change, driving an increased need for software solutions that
enable compliance. MRI's offerings are designed to improve the
living experiences for millions of residents worldwide through
specialised technology that automates processes, streamlines
operations, and adapts to changes in legislation.
Capita One brings additional capabilities to expand MRI's
solutions for public sector customers in the UK and Northern Ireland, including:
- One Education, an integrated suite of products that
enables local authorities in England, Wales and Northern
Ireland to deliver positive outcomes for children and
families.
- One Revenue & Benefits, a comprehensive
solution allowing local authorities in England, Scotland and Wales to calculate and collect Council Tax and
Business Rates and administer Benefits.
- One Housing, a multi-module platform that enables social
housing providers to optimise performance through person and
property-centric data, flexible process management and a 360-degree
view of the customer.
- One EDMS, an integrated offering that enables a
paperless office by converting paper-based forms to electronic
images, allowing documents to be imported, indexed and managed
across an organisation.
"This acquisition will give Capita One's clients access to a
wider range of complementary technology to address the complexities
of a highly regulated sector, while clients who use our other
products will benefit from our new scale and pace of innovation in
the future," said Jon Peart,
Managing Director, Capita One. "The combined expertise of MRI
and Capita One will build a bright future for the industry."
The acquisition has been unanimously approved by the boards of
MRI and Capita and is expected to close by the end of August 2024, subject to regulatory approval and
approval by Capita's shareholders. Capita One will continue to
serve its clients as usual, without interruption.
For full details of the transaction, please see Capita Plc's
market announcement here:
https://www.londonstockexchange.com/news-article/CPI/disposal/16558237
About MRI Software
MRI Software is a leading provider of real estate software
solutions that transform the way communities live, work and play.
MRI's open and connected, AI-first platform empowers agents,
owners, operators and occupiers in commercial and residential
property organisations to innovate in rapidly changing markets. MRI
has been a trailblazer in the PropTech industry for over five
decades, serving more than six million users worldwide, including
the public sector. Through innovative solutions and a rich partner
ecosystem, MRI gives real estate companies the freedom to realise
their vision of building thriving communities and stronger
businesses. For more information, visit www.mrisoftware.com/uk.
About Capita
Capita is a modern outsourcer, helping clients across the public
and private sectors run complex business processes more
efficiently, creating better consumer experiences. Operating across
8 countries, Capita's 41,000 colleagues support primarily UK and
European clients with people-based services underpinned by
market-leading technology. We play an integral role in society -
our work matters to the lives of the millions of people who rely on
us every day.
Media contacts
Platform Communications for MRI
Nana Rodaki
+44 203 832 3690
mri@platformcomms.com
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