MRI Software has entered into an agreement to acquire UK public sector software solutions provider Capita One.
MRI said the acquisition of Capita One would “expand and complement” its existing offering and accelerate future technology innovation for local authorities and local education.
Capita One’s product suite includes 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.
Patrick Ghilani, chief executive officer of MRI Software, said: “The acquisition of Capita One significantly enhances our ability to serve the UK public sector with flexible solutions that meet its evolving needs. 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.”
Jon Peart, managing director of Capita One, added: “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. 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.
