Advanced Computer Software acquires Serco Learning

Advanced Computer Software Group, which provides healthcare and business management software and services, has acquired Serco Learning, a UK-based education software provider, which delivers training and support to over 2,000 local authorities, academies, independent schools and higher and further education providers.

Advanced Computer Software Group, which provides healthcare and business management software and services, has acquired Serco Learning, a UK-based education software provider, which delivers training and support to over 2,000 local authorities, academies, independent schools and higher and further education providers.

The business, which was acquired for a total cash consideration of £7.25m, will be integrated into the group's Advanced Business Solutions division.

In the 12 months ended December 31st, Serco Learning's revenue came in at around £13.5m, of which almost £11.0m contracted recurring, generating approximately £1.2m of adjusted EBITDA (earnings before interest, tax, depreciation and amortisation).

The share price rose 0.99% to 76.50p by 13:00.

NR

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Rightmove: UK house prices up £3,000 as property market rebounds
House prices

Rightmove: UK house prices up £3,000 as property market rebounds

Rightmove’s latest house price index shows the property market has been resilient despite an economic downturn
20 Mar 2023
Can I avoid IHT by stuffing all my money into a pension?
Personal finance

Can I avoid IHT by stuffing all my money into a pension?

The ditching of the lifetime allowance could enable millions of pension savers to avoid inheritance tax. We explain how.
20 Mar 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Ofgem’s price cap is now predicted to fall below £2,000, based on average typical use, from July, for the first time since 2022. We have all the detai…
21 Mar 2023