We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Capita acquires Bluefin

Gains new benefits management IT in the process

Outsourcing firm Capita is set to buy Bluefin Corporate Consulting for £50 million.

With the acquisition, which is on a cash and debt free basis, Capita will also access Bluefin's benefits management technology, which supports key services for Bluefin and 150 large clients.

Bluefin, currently owned by AXA, provides employee benefits consultancy services. The acquisition will see Bluefin chief executive Nick Burns become head of the combined business. Bluefin employs 548 staff, principally in London.

Paul Pindar, chief executive at Capita, said the acquisition "provides an excellent strategic fit with our existing corporate pensions business, Capita Hartshead". Hartshead also provides data analysis and screening services.

He described Bluefin as having a "market-leading presence in online benefits technology".

John O'Brien, research director at TechMarketView, said the Bluefin technology "will no doubt be of interest to Capita as it seeks to use its scale to cross-sell services to the enhanced customer base".

In other Capita news, the company this week said it would cut up to 400 of its staff as part of a cost reduction plan, drawing the ire of trade unions.


IDG UK Sites

Windows 9 launch event live: Windows 9 launch live blog - find out first as the new Windows is...

IDG UK Sites

Windows 9 and the death of the OS as a must-have product

IDG UK Sites

Video trends: 4K is here – HDR video, VR and 3D audio is coming

IDG UK Sites

Best iPhone 6, iPhone 6 Plus deals: iPhone 6, iPhone 6 Plus tariffs, contracts and prices UK