It gives us great pleasure to announce that Castleton Technology plc, the software and managed services provider to the public and not-for-profit sectors, has acquired Kinetic Information Systems Pty Ltd (“Kinetic”), the leading provider of software solutions to the Community Housing sector in Australia.
This strategic acquisition enables us to capitalise on the significant opportunities that Australia’s growing Community Housing sector presents, using the capabilities that the Group has developed to successfully serve the UK market. Kinetic has a great reputation for delivering quality software and services on time and on budget, evidenced by its near 100% customer retention over the last 10 years. The acquisition also enables us to cross-sell Castleton’s other products and services into Kinetic’s customer base, a strategy which continues add value to customers in the UK, Ireland and Castleton’s existing customers in Australia.
The Kinetic management (Alison Burt and Scott Graham) and staff will be joining together with the Castleton team to form a new enlarged organisation that will be led by Kath Cain. Dean Dickinson is in Australia presently and will be meeting with the Kinetic team at their office on Tuesday 5th December to give them an overview of Castleton. Dean will also be meeting with both Kypera’s and Kinetic’s customers over the next week as well as the existing Australian team.