Menu
14/08/2019
Idox To Takeover Co Down Software Firm
County Down software company Tascomi Ltd. is to be acquired by Idox Plc in a £7.15 million deal.
Based in Hillsborough, Tascomi provides web-based software products to Local Authorities and Government departments across the UK and Ireland. Throughout its 13 years of training it has developed an innovative portfolio, including solutions for planning, building control, land charges, environmental health, trading standards and licensing. The firm employs around 30 staff.
The acquisition is expected to assist Idox and Tascmoi in establishing a reliable business model to drive great value from the assets they already have in their business.
Roisin Murray, Programme Director at Tascomi, commented: "With our innovative cloud-based software, Tascomi have been growing exponentially in recent years. We are proud that the potential of both our products and people has been recognised by Idox plc and look forward to the positive impact their market leading position can make to our future as a group."
The takeover was welcomed by the Chairman of Lisburn & Castlereagh City Council's Development Committee for its expected benefits to the local community.
Alderman Allan Ewart said: "Tascomi's forward thinking attitude and ambition to grow is evident by the news of this planned acquisition. It is a great opportunity for both companies to accelerate growth and presence in the Regulatory Services marketplace; which in turn will benefit their existing and future clients as well as the local economy. I wish them every success on this new venture."
(JG/MH)
Based in Hillsborough, Tascomi provides web-based software products to Local Authorities and Government departments across the UK and Ireland. Throughout its 13 years of training it has developed an innovative portfolio, including solutions for planning, building control, land charges, environmental health, trading standards and licensing. The firm employs around 30 staff.
The acquisition is expected to assist Idox and Tascmoi in establishing a reliable business model to drive great value from the assets they already have in their business.
Roisin Murray, Programme Director at Tascomi, commented: "With our innovative cloud-based software, Tascomi have been growing exponentially in recent years. We are proud that the potential of both our products and people has been recognised by Idox plc and look forward to the positive impact their market leading position can make to our future as a group."
The takeover was welcomed by the Chairman of Lisburn & Castlereagh City Council's Development Committee for its expected benefits to the local community.
Alderman Allan Ewart said: "Tascomi's forward thinking attitude and ambition to grow is evident by the news of this planned acquisition. It is a great opportunity for both companies to accelerate growth and presence in the Regulatory Services marketplace; which in turn will benefit their existing and future clients as well as the local economy. I wish them every success on this new venture."
(JG/MH)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
29 May 2002
ICS appoints new UK sales manager
Belfast based ICS Computing have apointed Tim Brophy as UK Sales Manager for its Innovative Software division.
ICS appoints new UK sales manager
Belfast based ICS Computing have apointed Tim Brophy as UK Sales Manager for its Innovative Software division.
30 January 2020
NI Talent Attracts Silicon Valley Start-Up
Northern Ireland's skilled high-tech and IT professionals have drawn a Silicon Valley start-up to bring its innovating business to the region. Cloud-defined storage company Nebulon is leading the way on premises, server-based enterprise solutions and has chosen Belfast as the location for its new software engineering centre.
NI Talent Attracts Silicon Valley Start-Up
Northern Ireland's skilled high-tech and IT professionals have drawn a Silicon Valley start-up to bring its innovating business to the region. Cloud-defined storage company Nebulon is leading the way on premises, server-based enterprise solutions and has chosen Belfast as the location for its new software engineering centre.
15 May 2018
L'Derry-Based Software Firm To Create 20 New Jobs
Up to 20 new jobs are to be created by L'Derry-based software firm, Foods Connected. The company is investing £1.7 million to generate the new positions, which will help increase its export sales and keep up with the growing demand for its services.
L'Derry-Based Software Firm To Create 20 New Jobs
Up to 20 new jobs are to be created by L'Derry-based software firm, Foods Connected. The company is investing £1.7 million to generate the new positions, which will help increase its export sales and keep up with the growing demand for its services.
12 March 2003
Sx3's Relatively new software package
Northern Ireland's most creative employees could be set to challenge history's best known thinker - Albert Einstein - thanks to a new software package developed by local IT systems and services provider, Sx3.
Sx3's Relatively new software package
Northern Ireland's most creative employees could be set to challenge history's best known thinker - Albert Einstein - thanks to a new software package developed by local IT systems and services provider, Sx3.
17 October 2002
NI businesses urged to audit IT systems
The Business Software Alliance (BSA), a watchdog group representing market-leading software manufacturers, are urging all businesses in Northern Ireland to conduct regular reviews of their software use to ensure that they are fully compliant and not in danger of incurring fines or penalties.
NI businesses urged to audit IT systems
The Business Software Alliance (BSA), a watchdog group representing market-leading software manufacturers, are urging all businesses in Northern Ireland to conduct regular reviews of their software use to ensure that they are fully compliant and not in danger of incurring fines or penalties.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
