M&A Deal Summary

Castleton Technology Acquires Kinetic Information Systems Pty

On December 4, 2017, Castleton Technology acquired information technology company Kinetic Information Systems Pty for 3M AUD

Acquisition Highlights
  • This is Castleton Technology’s 4th transaction in the Information Technology sector.
  • This is Castleton Technology’s 8th largest (disclosed) transaction.
  • This is Castleton Technology’s 1st transaction in Australia.

M&A Deal Summary

Date 2017-12-04
Target Kinetic Information Systems Pty
Sector Information Technology
Buyer(s) Castleton Technology
Deal Type Add-on Acquisition
Deal Value 3M AUD

Target

Kinetic Information Systems Pty

Wickham, Australia
Kinetic Information Systems Pty Ltd. is a provider of enterprise resource planning ("ERP") software solutions for the Australian Community Housing sector. Kinetic initially provided solutions to organisations through the resale of ERP and Business Intelligence ("BI") software. Kinetic has now developed a proprietary system, Kinetic Housing Schema, which is a Community Housing solution that transforms the standard ERP and BI software into a fully integrated solution for the Community Housing sector.

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Buyer(S) 1

Buyer

Castleton Technology

Sutton Coldfield, United Kingdom

Category Company
Founded 1997
Sector Software
Employees177
Revenue 26M GBP (2019)
DESCRIPTION

Castleton Technology Plc is a provider of complementary software and managed services to the public and not-for-profit sectors. Castleton works in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. Castleton Technology was founded in 1997 and is based in Sutton Coldfield, the United Kingdom.


DEAL STATS #
Overall 12 of 12
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 12 of 12
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Kypera Holdings

Milton Keynes, United Kingdom

Kypera Holdings Ltd. is a provider of fully integrated housing management and finance software to over 140 customers. Offices in the UK and Australia, as well as a presence in New Zealand and South Africa offering further international opportunities for the Group. Kypera has developed a modern housing and finance management system using the latest Microsoft.NET technology. The system enables customers to handle critical operational and management processes within their organisations more effectively and efficiently. Kypera's complete in-house solution includes scoping, project management, implementation, importing of historic data, testing and training.

Buy £4M