System C buys Liquidlogic

System C, a Kent-based provider of IT products and services to the health care sector, has acquired Leeds-based rival Liquidlogic for up to £14.2 million.

Liquidlogic specialises in providing software for the social care sector and has over 43,000 users working across social care services and NHS organisations. In the year ending March 2009, Liquidlogic generated revenue of £6.5 million and operating profits of £900,000.

Ian Denley, chief executive of System C, said: ‘Not only does the enlarged group have excellent prospects in the health market and the social care sector, but it is also well positioned to support the government’s drive to provide integrated care.’

In the six months ending November 2008, System C reported an increase in revenues of 24 per cent to £10.4 million and pre-tax profits of £1.9 million.

Nick Britton

Lexus Ernser

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

Related Topics

Venture capital funding