10 Oct Regent advises Spargonet on its acquisition by CACI
CACI Limited, the UK arm of NYSE Listed CACI International Inc., a major provider of a diverse range of information systems and marketing solutions to organisations in both the private and public sectors, has acquired UK IT services specialist Spargonet Consulting Limited, a company with 20 years of industry experience.
The acquisition marks another step for CACI in establishing its full scope of marketing solutions and IT services by adding Spargonet’s extensive capabilities in application management, mobile computing and business intelligence.
Spargonet has a well-established industry reputation in providing managed services and IT consulting services to highly respected brands in the Retail, Automotive, Finance and Technology sectors. Clients include Waitrose, John Lewis, BMW, Mastercard and Inmarsat to name just a few.
Spargonet has been established for over 20 years and has revenues around £13 million with consistent profitability.
The acquisition comes as Tony Spargo, CEO and Founder of Spargonet, announces his planned retirement. Greg Bradford, Chief Executive of CACI, comments: “The acquisition of Spargonet strengthens our capabilities by adding greater Microsoft, business intelligence and mobile computing skills which ensures we can provide a full range of IT services to the largest and most complex organisations in the UK including the Spargonet customer base of highly valued brands.”
Tony Spargo, CEO and Founder of Spargonet, adds: “CACI is a leader in 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. The strong cultural fit between CACI and Spargonet became apparent from the very beginning of the deal process and we have no doubt that this will translate into a successful integration and future as part of CACI.”
“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.