Advanced Computer Software Group has completed the acquisition of Serco Learning.
Advanced Computer Software Group, a leading provider of healthcare and business management software and services, announces that it has completed the acquisition of Serco Learning, for a total cash consideration of £7.25m.
Serco Learning provides Business Solutions for the education sector, including training and support to over 2000 varying education providers. The business will be integrated into the Group's Advanced Business Solutions division, which already has 49 university college customers taking its back office and student records solutions. Both Serco Learning and Advanced supply public sector customers, particularly local authorities. The Group has some 80 local authority customers, creating opportunities for the cross-selling of products and services.
In the year ended 31 December 2011, Serco Learning had revenue of c. £13.5m, of which approaching £11m was contracted recurring, generating approximately £1.2m of adjusted EBITDA.
Advanced Computer Software Group is a leading supplier of software and IT services to both public and private sectors which assist organisations to improve efficiency and reduce costs.
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