Cambridge public sector tech firm to focus on Software as a Service (SaaS) growth plan
Leading cloud services provider to the public sector, Arcus Global Ltd, today announces the sale of its wholly-owned subsidiary, Arcus Cloud Services Ltd (ACS), to leading UK-based managed service provider, Timico Ltd.
The sale enables Arcus Global to concentrate on the accelerated growth of its platform-based suite of SaaS applications for Local and Central Government.
Proceeds from the sale will be invested in SaaS solutions R&D, software engineering and customer success programs. Ensuring Arcus Global remains at the forefront of GovTech solutions delivery, shaping public sector transformation. Our mission is to support organisations moving from ‘doing digital’ to ‘being digital’.
Nick Howes, CEO of Arcus Global said: “With the recent investment into key personnel supporting the Arcus journey, the additional funds will allow us to drive further growth. We will extend our Government Platform, introducing new levels of automation and efficiency, providing more services and solutions that deliver the outcomes required by the public sector in a post-COVID, post-Brexit world.”
Timico CEO, Neil Muller, commented, “This acquisition marks an exciting development in the continued evolution of our business and further strengthens the growing portfolio of our digital infrastructure services and solutions. The highly talented Arcus Cloud Services team has an excellent pedigree as an established and trusted AWS partner, and we are delighted to be adding their knowledge and professional capability to the Timico Group.”
Arcus Global ltd was advised by RPL Mergers Ltd and Mishcon De Reya LLC on this transaction.
About Arcus Global
Arcus Global, formed in 2009 and based in Cambridge UK, is a market-leading GovTech cloud company, delivering mission-critical technology solutions that enable public sector organisations to transform their service delivery.
Arcus has developed a platform-based suite of Applications for Local and Central Government. Addressing the challenges in Citizen Digital interaction, Citizen relationship management and through specific platform-based case management solutions for Planning, Building Control, Licensing and Environmental Health etc.
Arcus has grown to over 30 customers including Folkestone & Hythe District Council, Eastleigh Borough Council, The London Borough of Islington, Wiltshire County Council, Department for Culture Media & Sport and the Home Office.
Charlotte Fionda, Marketing Manager at Arcus Global