Civica acquires Keystone Asset Management SolutionsGroup extends capabilities with acquisition of asset management software specialist

23 May 2014, London: Civica Group Limited (“Civica”), a market leader in specialist systems and business process services that help organisations transform the way they work, has announced that Civica UK Limited, the company’s wholly owned subsidiary, has acquired specialist software provider Keystone Asset Management Solutions (“Keystone”).

Keystone, based in Colchester, provides application software and related services predominantly for the UK social housing sector. Its integrated product suite is used by customers to ensure the efficient and effective administration of housing stock including management, planned maintenance, inspections and component accounting.

Civica does not currently offer any similar asset management software and therefore the acquisition brings specialist technology to the Group which strengthens its ability to help organisations reduce cost and risk and enhance tenant services, in particular through better management of existing and future expenditure. The companies have a successful record of working together at customers including St Leger Homes and Thames Valley Housing.

Commenting, Simon Downing, chief executive of Civica said, “I am delighted to welcome Keystone to the Civica Group. The company’s complementary skills and product set add an important capability in keeping with our clear vision and successful strategy to help customers do more, do better and spend less.”

Joshua Warren, director of Keystone, said, “The acquisition is the next stage in the development of our business and is a very positive step for customers, partners and employees. We look forward to continuing our product and support programmes as usual while building on our respective strengths to respond to growing market needs.”

The Civica Group has a highly successful history of acquiring and integrating businesses with complementary expertise and technology to support areas of increasing emphasis.

About CivicaCivica (www.civica.co.uk) is a market leader in specialist systems and business process services for organisations across the public sector and around the world. Through experienced people who understand service delivery, the Group applies software, cloud-based services and outsourcing to help customers transform the way they work. Drawing on a unique combination of people, technology and business process expertise, Civica supplies more than 2,500 organisations in the UK, Australia, New Zealand, Singapore, Canada and the USA.

About Keystone Asset Management SolutionsKeystone specialises in the supply, development and support of asset management products which support social housing landlords in planning and managing the maintenance of their housing stock. NB: Keystone Asset Management Solutions is a trading name of CCS IT Limited.