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Article: Capita/IBS merger could damage competition.
- Article from:
- M2 Presswire
- Article date:
- April 1, 2009
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M2 PRESSWIRE-1 April 2009-UK Government: Capita/IBS merger could damage competition(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:01042009
The Competition Commission (CC) has provisionally concluded that the completed acquisition by Capita Group plc (Capita) of IBS OPENSystems plc (IBS) could damage competition in the market for the supply of revenues and benefits software to local authorities in the UK.
Before the merger, both Capita and IBS sold revenues and benefits software, which is used by local authorities to collect council tax and business rates revenue and to make certain benefit payments. Although the two companies also both supplied social ...