Walker Morris supports Servelec Group plc on acquisition of Target eSolutions

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06/05/2016

Walker Morris fielded a multi-disciplinary team to support long-standing client Servelec on the acquisition of Target eSolutions Holdings Limited, reinforcing the law firm’s experience in the technology sector.

From the 5th May,Target eSolutions became Servelec Abacus Ltd.

Servelec’s product, Mosaic, is a leading case management software suite in social care and already features substantial finance functionality. The Abacus product suite brings additional functionality such as debt management as well as allowing care providers to manage their own billing and payment online.  The combination of Mosaic and the Abacus product suite further enriches Servelec’s offering.

The Walker Morris team included Richard Naish and Thomas Mieszkowski from the Corporate Department with support from Nicola Hewitt in Tax and Andrew Maclean from Real Estate.

Richard Naish, partner commented:

“Walker Morris has been delighted to support Servelec through a number of acquisitions including Corelogic in 2014 and Synergy earlier this year.  These acquisitions coupled with the latest acquisition of Target eSolutions provide Servelec with one of the strongest end-to-end offerings in for Education and Social Care practitioners in Local Government.

The acquisition also reaffirms Walker Morris’ expertise in the technology and healthcare sectors.”

Garry McCord, CEO of Servelec Corelogic said:

“I am delighted to be able to announce this acquisition for Servelec Corelogic.  We continue to effectively strengthen our market position and broaden our product portfolio to capitalise on the trend toward converged care and increase our ability to deliver against this key government agenda.  This particular acquisition reiterates our commitment to building the market leading product suite in the social care market, following the recent acquisition of Synergy.”

 

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