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23 May 2014

Speechly Bircham advises the Civica Group on the acquisition of Keystone Asset Management Solutions

This article was written prior to the formation of Charles Russell Speechlys, through the merger between Charles Russell and Speechly Bircham.

Speechly Bircham has advised the Civica Group (an investee company of OMERS Private Equity) on its acquisition of CCS IT Limited (trading as Keystone Asset Management Solutions), the specialist software provider.

Keystone, based in Colchester, provides application software and related services predominantly for the UK social housing sector. Its integrated product suite is used by its customers to ensure the efficient and effective administration of housing stock including management, planned maintenance, inspections and component accounting.

Civica does not currently have any similar asset management application of its own. The acquisition of Keystone therefore brings specialist technology to the Group which strengthens Civica's ability to help organisations reduce cost and risk and enhance tenant services in particular through better management of existing and future expenditure.