Spargonet, a UK based IT Services company, has been acquired by the UK arm of NYSE listed CACI International Inc.
The Company has a well established reputation providing managed services and IT services to leading brands in the Retail, Automotive, Finance and Technology sectors.
Spargonet has a comprehensive range of application services capabilities which address the entire software development cycle including: strategic consulting, mobile solutions, business intelligence and bespoke software application development.
Clients include BMW, John Lewis, Inmarsat, Mastercard and Waitrose.
Spargonet has been established for over 20 years and has revenues around £13 million with consistent profitability.
Tony Spargo, CEO and founder, commented: “CACI is a leader in the provision of information systems to sectors both public and private across the UK. Joining the company is a great opportunity to enhance the services offered to clients with complementary service offerings which will better solve crucial challenges for customers in managing information and improving performance”.
“Regent did an excellent job in securing both a bright future for the company and its employees, and the right deal for the departing shareholders.” Bob Morton, Chairman, Spargonet Consulting Limited.
Regent Partners LLP acted as exclusive Corporate Finance advisor to Spargonet Consulting Limited.