10 Feb 2014
Callcredit Information Group has today announced the acquisition of software solutions and consultancy provider, Coactiva. The acquisition further extends the range of innovative products and services offered by Callcredit to the public sector. It is a clear statement of Callcredit’s intent to further support public sector organisations with innovative solutions.
Established in 2001, with offices in London and Wales, Coactiva is a pioneer in bringing sophisticated, innovative ‘Big Data’ Analytics & Business Intelligence solutions into everyday use within many public sector organisations. With the market leading Intercept RBV solution Coactiva enables organisations to reduce costs, increase revenue and improve service through the use of risk-based analytics. Coactiva also provides the market leading Aspireview performance management software to over 23,000 users across the UK, which includes 1800 educational establishments, 130 local authorities and organisations within social housing, the emergency services, health and leisure.
Peter Mansfield, Managing Director at Callcredit said “The acquisition of Coactiva further demonstrates our continued commitment and enthusiasm to developing our Public Sector business. We have enjoyed significant success and growth since its inception three years ago and this acquisition reflects our ambition for this sector. The addition of Coactiva’s cloud-based performance management software and risk based tools will add expertise, depth and a further dimension to the range of products and services we are able to offer new and existing clients in both the public and private sector. We are committed to continuing to invest in the success of the combined Callcredit & Coactiva business”.
Ray Fielding, Chief Executive Officer at Coactiva commented, “This is an exciting new chapter in the development of our vision to bring true innovation and value to the public sector. Coactiva has grown rapidly in recent years, and this step will give us access to new markets as well as a unique capability to create a new class of solutions which combine Callcredit’s information and analytics expertise with our software and sector expertise. In Callcredit we immediately recognised an organisation with a similar culture to ourselves, an ambitious UK company with a real commitment to customers, to staff, to quality and to making a difference”.
Brian Parker Head of M&A at ICON said "We had strong interest from prospective acquirers for Coactiva, not only is it in the fast growing Big Data analytics space but also has a high quality SaaS business model. As a result we not only got an excellent price but a progressive buyer from a complementary sector that fitted the strategic needs of our client."