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Government sells 51% stake in ITIL and PRINCE2 to Capita

Derek du Preez | April 29, 2013
The Cabinet Office has struck a deal with Capita to set up a joint venture business based on the government’s ‘Best Management Practice’ portfolio of professional standards that has been developed by the Civil Service.

"We are thrilled to be selected as a partner in this innovative business model that uniquely combines assets and capabilities from the Government, Capita, current employees and the ecosystem of the existing and new SME service providers. The commercial, technical and innovation skills that we bring to the JV will help to create a thriving business capable of delivering real value to all parties and releasing a secure and growing income to the Government," said Paul Pindar, chief executive of Capita.

"We have detailed plans in place to stimulate and support the strong growth of the ecosystem and create a successful and sustainable JV. We will develop the current portfolio including digitising services and introducing experiential learning methods such as gaming and simulation, and broaden both the products and the markets in which they are sold across the UK and worldwide."

He added: "The JV will create a strong and growing market for learning, accreditation and examination organisations, with the majority being SMEs, and provide an excellent platform for helping to improve skills and employability. Additionally, the commercial success of the JV will not only be shared by the joint shareholders but also the employees, who will share a performance bonus pot of 5% of the JV's pre-tax profits."


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