ICON has advised the shareholders of Tech Computer Office (TCO) on the sale of the company to the UK subsidiary of US technology group CACI International Inc for an undisclosed cash consideration.
TCO, which is based in London and has over 40 staff, is a leading developer of operational management software primarily for the Care sector including many UK local authorities and Care providers. TCO also provides its software to several high profile construction related companies including Amec, White Young Green and Lord Foster and Partners.
CACI Inc. is a publicly listed company on the NYSE with a market capitalisation of US$1.8BN and employs over 9000 people worldwide.
“I would thoroughly recommend ICON, they are well connected in the technology sector both in UK and overseas. They introduced us to a number of buyers and we chose CACI who are a very large US listed technology group with experience in our sector. The sale process was complex and they kept the deal on track, offered good professional advice throughout and acted fairly on behalf of all the shareholders.”
Kevin Sparks, CEO, TCO Software
“ICON introduced us to CACI and other potential acquirers, negotiated and shaped the deal, but almost as importantly, guided us in a very professional manner through a host of sometimes technical issues that arose during the process. ICON delivered!”
Stuart Beatty, Chairman, TCO Software