CAPITA SOFTWARE SERVICES ANNOUNCES ACQUISITION OF RANDALL LYONS

Capita Software Services announces the acquisition of Randall Lyons, a leading UK provider of Web based information management solutions, for an undisclosed sum.

The acquisition firmly establishes Capita Software Services at the forefront of end-to-end software service delivery to the public sector and housing marketplace. It also presents the opportunity to provide software solutions to the private sector, particularly the insurance and financial industries.

Randall Lyons specialises in the provision of Web-based Electronic Document Management (EDM), and Workflow solutions, and bureau scanning services. The acquisition will allow Capita Software Services to provide its existing public sector customers with the ability to transfer seamlessly to a paperless environment. Randall Lyons also brings strong experience of working with the insurance and financial services markets allowing Capita Software Services to build its presence in the private sector and add value to Randall Lyons clients including Amlin, Chaucer, Kiln, Alexander Forbes, Horizon Housing and Hanson.

Kevin Dady, Managing Director of Capita Software Services, commented, "We're very excited about the enhanced capability to our offering as we can now provide a complete end-to-end web-enabled solution enhancing our customers' ability to store, retrieve and handle documents and images of all types. We also welcome the highly-skilled and experienced employees who will transfer to Capita Software Services. The complementary strengths of the people and infrastructure of the two organisations will create a powerful value proposition."

The entire workforce of 40 employees will transfer to Capita Software Services and the business will continue to operate from the existing sites in Southwark and Bermondsey.

Andrew Wyborn, Managing Director of Randall Lyons said, "Our organisations are a perfect fit from both a technological and cultural perspective. We have been a partner of Capita Software Services for many years and are confident that they will continue to drive the growth of the business and maintain the excellent working relationship with our valued clients and staff."

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