Newbury: BCMS advises Civica UK on acquisition of Asidua

Asidua, a specialist provider of integration, software and consultancy services with a telecommunications focus, has been acquired by Civica UK, a wholly-owned subsidiary of Civica Group. International M&A adviser BCMS acted as lead sell side adviser to the vendors.

Headquartered in Kingsclere near Newbury, BCMS has a strong track record of completions in the Computing and IT space. The sale of Asidua ranks as the award-winning M&A adviser’s 30th successful company sale in the space.

Originally formed through the MBO of a business unit of Fujitsu Telecommunications Europe in 2002, Asidua provides integration, software and consultancy services to corporate clients and to the public sector, as a trusted integration partner to police forces, local and central government.

The acquirer Civica UK is a market leader in specialist systems and business process services. The group applies software, cloud-based services and outsourcing to help customers transform the way they work, supplying more than 2,500 organisations in the UK, Australia, New Zealand, Singapore, Canada and the USA.

Alan Branagh of BCMS Ireland commented: “Tech markets are experiencing their highest levels of M&A activity since 2006. The sector is diverse, as are the motives for acquiring in the space.

“Niche companies are very attractive to international acquirers, particularly those with substantial intellectual property, and engaged in value-add activities, such as the platforms and embedded professional services provided by Asidua.”