Monday 27 November 2023

Chapter 2

If you do the Twitter thing, follow me at @HousingITguy or LinkedIn here https://uk.linkedin.com/in/tonysmiththathousingitguy

Did you spot the latest chapter last week, in a major supplier to the socialhousing and local authority sector?

‘Chapter’ was the word used in a press release sent to the financial markets press, to herald Civica’s new US based owner Blackstone  (the world's largest alternative investment asset manager), picking it up for $2.5billion. You might recall that Partners Group (global private markets investment manager), picked it up in July 2017 for £1.06 billion, so has seen a healthy return there.

No doubt Blackstone will be looking to sweat their investment from the get-go, to start seeing some returns at that level of price paid.

When I mentioned this week to a client of mine (that also has one of the classic housing systems), that Civica has changed hands yet again, they were disappointed that it wasn’t MRI that had gobbled them up. Maybe a bid could be put in for some of the legacy housing systems still in use, a potential shot in the arm for the remaining Saffron, Contact Manager & UH crowd. Stranger things have happened!

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Acutance Consulting would be happy to help you review your current solutions, 
please just get in touch, for a chat over a Jammy Dodger & a brew 😋

       Related Post: Suppliers - what are they good for?


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I would be pleased to connect with you on LinkedIn - http://uk.linkedin.com/in/tonysmiththathousingitguy Message me with any issues or queries, you would like to be explored in this blog. We generally receive a couple of suggestions each month.

The Joy Formidable - Chapter 2The Joy Formidable - Chapter 2.
(c) Tony Smith, Acutance Consulting www.acutanceconsulting.co.uk 07854-655009


Access a quick list of our Social Housing ICT blog posts here

Could we help you or your organisation? Our contact details are here , get in touch we will be pleased to chat about your problems and help with your organisation issues.


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