Linedata Services signs deal with Capita for Icon
06 January 2005
Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that it has signed a deal worth just under £4m with Capita, the UK’s leading provider of integrated professional support service solutions, for Icon, Linedata Services’ back-office fund management and administration solution.
Initially, Icon will be used in Capita PPML’s SIPPS and Life & Pension Investment Administration business in the UK and Ireland to deliver a centralised solution.
Steve Parkinson, Managing Director of Capita Life and Pensions, The Capita Group Plc explained, "We have a strong growth strategy and have made a number of successful acquisitions over the past 12 months and in order to streamline our processes and manage future business volumes we have identified Linedata Services' Icon product as our preferred solution on the basis of its unrivalled functionality and proven long-term viability."
Paul Roberts, Chief Operating Officer at Linedata Services (UK) Ltd, commented, “We are delighted that Capita Life and Pensions have chosen Icon to manage their investment administration. I am looking forward to a successful, long-term relationship with Capita and I believe that Icon’s unique, multi-enterprise functionality provides a truly scaleable solution for Capita, which is a particularly good fit for their acquisitive business.”
About Capita Life & Pension Services Ltd
Capita PPML and Capita Life & Pensions are a division of The Capita Group Plc. The Capita Group Plc is the UK’s leading provider of integrated professional support service solutions. The Group’s service capabilities encompass customer services, financial services, human resource services, software services, systems and strategic support and property services delivered to both public sector and private organisations. With over 22,000 employees at more than 200 offices across the UK and Ireland, Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE 100 with revenues for 2003 of £1,081 million.
In 2004, The Capita Group Plc was named Best BPO Outsourcing Services Provider at the inaugural National Outsourcing Association Awards (NOA).
In April 2003 Capita was named Company of the Year in the Royal Bank of Scotland Sunday Times Business Awards.
Further information on The Capita Group Plc can be found at: www.capita.co.uk.