THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
16 FEBRUARY 2021
Capita plc – Response to Media Speculation
Capita plc (‘Capita’) notes media speculation regarding AXELOS Limited (‘AXELOS’).
Capita can confirm that Capita and the Cabinet Office are exploring strategic options in relation to AXELOS, including a potential sale of the business. There can be no certainty that this review will result in a transaction involving AXELOS.
Any further announcements will be made if and when appropriate.
AXELOS is a joint venture between Capita (51%) and the UK Cabinet Office (49%), responsible for developing, enhancing and promoting a number of best practice methodologies used by professionals working primarily in project, programme and portfolio management, IT service management and cyber resilience. The methodologies, including ITIL, PRINCE2 and MSP are adopted by private, public and voluntary sectors in more than 180 countries to improve employees’ skills, knowledge and competence in order to make both individuals and organisations work more effectively.
90% of the world’s leading organisations use AXELOS’s best practice methodologies, under which 5 million people worldwide are certified today. The business has c.100 employees and in 2019 generated revenue of £47.6m.
For more information, please contact:
Capita investor enquiries
Director of Investor Relations
Tel: 07989 665484
Capita media enquiries
Capita external communications
Tel: 0207 654 2399