Salem Radio Network News Wednesday, May 25, 2022

Science

UK’s Capita to sell IT services business Trustmarque for $149 million

(Reuters) – British outsourcer Capita Plc said on Friday it would sell its IT services and solutions business Trustmarque to private equity firm One Equity Partners for 111 million pounds ($148.64 million) on a cash-free, debt-free basis.

Capita said the senior management team and employees of Trustmarque, a partner for global technology vendors, would remain with the business.

($1 = 0.7468 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Subhranshu Sahu)

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