{"id":34707,"date":"2017-07-14T06:39:41","date_gmt":"2017-07-14T06:39:41","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=34707"},"modified":"2017-07-14T06:39:41","modified_gmt":"2017-07-14T06:39:41","slug":"japans-nec-considers-buying-civica-for-1-2-billion-sky-news","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/japans-nec-considers-buying-civica-for-1-2-billion-sky-news.html","title":{"rendered":"Japan&#8217;s NEC considers buying Civica for $1.2 billion &#8211; Sky News"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Japan&#8217;s NEC considers buying Civica for $1.2 billion &#8211; Sky News<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Japanese information technology company NEC Corp is looking at buying British software firm Civica for 900 million pounds ($1.2 billion) and has hired advisors to work on an offer, Sky News reported.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">An auction for Civica, one of the UK&#8217;s biggest public sector software providers, began several weeks ago and has drawn initial offers from three private equity firms &#8211; London-based BC Partners, Berkshire Partners and the Swiss-based Partners Group, Sky News said, citing an industry source.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">A spokesman for NEC said the company is &#8220;always considering a wide range of business possibilities, but that nothing has been decided at this time.&#8221;<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Representatives for Civica were not immediately available for comment outside regular business hours.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">OMERS Private Equity acquired Civica from 3i in 2013 for 390 million pounds, according to Thomson Reuters LPC data.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Civica provides outsourcing services to government organisations and local authorities around the world, from running most of the UK police force&#8217;s automatic number plate recognition system to Singapore&#8217;s public library management system.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">NEC provides a broad range of systems and software services for both the public and private sector. Recent contracts include the provision of its facial recognition system to the UK&#8217;s South Wales Police force and one to integrate internal systems for the city of Lisbon.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The Japanese firm sold most of its stake in its PC joint venture with Lenovo Group last year, a part of a broader trend of Japanese companies shedding struggling hardware businesses.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">NEC shares were flat in morning trade in Tokyo, compared with a 0.1 percent rise in the benchmark Nikkei share price index.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">($1 = 0.7727 pounds)<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">source:-http:\/\/in.reuters.com\/article\/civica-m-a-nec-idINKBN19Z0A0<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/japans-nec-considers-buying-civica-for-1-2-billion-sky-news.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s NEC considers buying Civica for $1.2 billion &#8211; Sky News Japanese information technology company NEC Corp is looking at buying British software firm Civica for 900 million pounds ($1.2 billion) and has hired advisors to work on an offer, Sky News reported. An auction for Civica, one of the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":34711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[21418,21419,21417,21416,21415],"class_list":["post-34707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-buying-civica","tag-japan-nec","tag-japan-nec-corporation","tag-japans-nec","tag-japans-nec-considers-buying-civica-for-1-2-billion-sky-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/34707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=34707"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/34707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/34711"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=34707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=34707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=34707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}