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New Deal


Announced

The Panoply Holdings acquired FutureGov for £11.8m.

Synopsis

The Panoply Holdings, the digitally native technology services group, acquired FutureGov, a leader in digital service design for the public sector and health sector, for £11.8m. Neal Gandhi, Chief Executive Officer of The Panoply said: "FutureGov in every way reflects our own ethos, as a digitally native company built for the demands of the 21st century. It has built its reputation in the health and public sector with many projects with local authorities and other government bodies creating 21st century citizen services in areas as diverse as housing, transport, children's and adults' social care and health. We are excited by the opportunities that this opens up to all of our Group companies. Having started our dialogue only a few months ago, we are already bidding jointly for several deals totalling more than £4m. This is our largest acquisition to date, demonstrating the continued success of our proposition to target companies and our post-acquisition operating model. We are proud to be delivering on our ambitions and building a Group that is both profitable and purpose-led."

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