
Ramesys (e-Business) Services
Acquired by Capita Group.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
£15.0m Valuation: £15.0m | Acquisition | ||
Total Funding | 000k |
In 1999, a management team spun Ramesys out from its parent company, Misys plc, setting the stage for a new chapter. The UK-based firm focused on providing integrated ICT solutions, carving out a niche in the education and commercial sectors. It specialized in designing and managing technology for schools, particularly through the UK's 'Building Schools for the Future' initiative. By the late 2000s, Ramesys was providing IT infrastructure services across the United Kingdom, offering everything from network design and security to managed services like help desks and proactive monitoring. A pivotal moment arrived in October 2009 when the company secured a significant private equity investment of $24.2 million from LDC. This capital was intended to fuel its growth and solidify its market position. However, the journey took a decisive turn just five months later. In March 2010, the British outsourcing giant Capita announced it was acquiring Ramesys for a cash consideration of £15 million. Capita saw a powerful synergy, aiming to broaden its own expertise in the education technology market and compete for larger, more complex IT projects. For Ramesys, the acquisition by a major player like Capita offered the financial backing to better exploit the potential in the integrated education ICT market, marking the end of its run as an independent company and integrating it into a much larger enterprise.