- Civica, a software cloud specialist, has acquired the HR and payroll business of Equiniti Group
- The deal was finalized at EUR 13 million
- The acquisition will expand and strengthen Civica’s presence in Northern Ireland
Civica, a global software specialist, based out of Belfast, recently acquired the HR and payroll business of Equiniti Group for EUR 13 million.
Equiniti Group plc, a Britain-based entity, is a listed business on the London Stock Exchange.
HR Solutions, also located in Belfast, is dedicated toward improving the efficiency of payroll processes, lowering costs, and providing a secure payroll experience for employees.
The brand-new acquisition will bolster Civica’s current integrated HR, time and attendance facility, and payroll. Additionally, the merger will add to the Group’s broad portfolio of workforce management offerings.
It will also raise the magnitude of activity and expand the delivery of payroll solutions into core sectors such as healthcare for Civica, adding around 200 employees in Northern Ireland.
On the business front, HR Solutions has processed over EUR 4 billion of payments last year and has issued approximately 3 million pay slips. The company is expected to generate EUR 5.9 million in revenue and EUR 1.7 million in profits this year.
Civica maintains a strong track record as a tech provider for public services and does business with several of the North’s main public sector bodies, including the Department of Health, PSNI and NI Direct.
During the COVID-19 pandemic times, Civica worked toward the launch of the health department’s CovidCareNI app and delivered it in just two weeks, and simultaneously worked with Southern Health and Social Care Trust on a new employee app.
About HR Solutions
Involved in simplifying human resources, HR Solutions delivers payroll solutions across a wide range of markets, including the NHS. The company also serves its current customers like Camden and amp; Islington NHS Trust, the Met Office, South Warwickshire NHS Foundation Trust, and the Scottish Parliament.
Experts’ take on the acquisition
Mark Owens, Managing Director at Civica NI, said: “Acquiring Equiniti HR Solutions shows our commitment to continued investment in Northern Ireland and strengthens our capability to help customers ensure efficient and high-quality payroll activities. He added, “We look forward to supporting our customers across Northern Ireland’s public services in delivering their people strategies using our innovative cloud software and solutions.”
Equiniti Group plc Chief Executive Guy Wakeley said, “HR Solutions is joining a business which provides payroll software and services to 500 organizations around the UK and will provide an opportunity for the business to scale and grow. We wish our colleagues the best of luck for the future.”
Civica, the software leader, has also initiated a brand refresh recently, engineered to support, and boost the acceleration of digital public services with the theme of “Ideas into Action.”
It exists as the enterprise has had a progressively visible presence in the United Kingdom software and information technology market for several years now. The company also is dedicatedly involved in growing the business and becoming a significantly prominent player.