Outsourcing firm acquires UKCRBs amid increasing demand
By Cloud Direct • 15 Aug 2013
MITIE Group has made the significant acquisition of UKCRBs as it seeks to boost its presence in the outsourced screening and vetting market.
UKCRBs is currently one of the country's largest providers of online criminal records checking services and its addition will boost MITIE's Total Security Management business by offering it a scalable platform.
It performs a range of checks, including basic disclosures, standard disclosures, enhanced disclosures and ISA adult first checks.
The reason for the acquisition is that MITIE - which has over 25 years' experience in the sector and is on the FTSE 250 - sees this sector as one that will evolve significantly over the coming months and years.
Ruby McGregor-Smith, MITIE's chief executive, stated the deal will "significantly enhance the services that we offer to our customers".
"The acquisition offers synergies with our existing security business and will allow us to bid for larger scale screening and vetting contracts," she added.
At present, the UK outsourced screening and vetting market is valued at around £85 million a year and this figure is only expected to grow. This is because of increasing regulation and the fact companies are recognising the risks associated with recruiting individuals unless they have a full knowledge of their background.
Once UKCRBs has been integrated into MITIE, the service will be able to offer enhanced criminal record checking capabilities, improved turnaround times and a better technology platform.
Over 600 customers in a range of sectors - including health, financial services, education and communications - will be represented by the combined business and support for the service will be provided by MiTec, MITIE’s technology hub in Northern Ireland.
In its latest interim management statement covering the second quarter of 2013 (released August 12th), MITIE revealed it has made a positive start to the year. Indeed, 89 per cent of budgeted revenues for this financial year have already been secured.
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