Local software firm Tascomi is acquired by Idox plc for £7.15m

  • Hillsborough-based software development firm Tascomi in County Down has been sold to global digital transformation specialists Idox plc for £7.15m

    Software development firm Tascomi specialises in building web software for government departments across the UK and Ireland, and has been based in the Hillsborough area for the past 13 years. The firm has around 30 staff and has developed software to help local authorities manage everything from building control and planning to trading standards and licensing as part of a digital transformation strategy.

    On the back of the strength of its current digital offering, the firm has been acquired by London-based digital transformation specialists Idox plc for a sum of £7.15m. Idox works with companies around the world to supply cost-effective digital solutions for a wide range of industries and sectors, making Tascomi a good fit for its growing portfolio of services.

    Idox CEO David Meaden said: "This acquisition offers a sound strategic fit as we look to enhance our overall cloud offering in conjunction with growing our SaaS (software as a service) revenue base." Tascomi Programme Director Roisin Murray added "We are proud that the potential of both our products and people has been recognised by Idox plc and look forward to the positive impact their market leading position can make to our future as a group."

    Source: Belfast Telegraph

     

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    Brendan is a Sync NI writer with a special interest in the gaming sector, programming, emerging technology, and physics. To connect with Brendan, feel free to send him an email or follow him on Twitter.

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