Business outsourcing provider Capita has acquired technology business Trustmarque Solutions, part of the Liberata group, from parent company Ardbid for a cash consideration of £57m. 

Trustmarque’s core business is software resale, licensing and technology services. The firm’s service areas cover software services, cloud solutions, managed services and professional services.

Trustmarque reported revenue of £191.9m in its last financial year to 31 December 2015 but post-acquisition, due to benefits from cross selling, cost savings and market growth, Capita says it expects Trustmarque to achieve Capita’s target post-tax return on investment of 15% in 2018.

Capita added it has worked with Trustmarque for many years, as it has been the embedded software fulfilment partner within Capita Technology Solutions, Capita’s technology reseller and service integration business.

Trustmarque serves more than 1,450 private and public sector clients and employs 620 employees based across five offices in York, Coventry, Sheffield, Edinburgh and London.