Business

Idox in takeover of Hillsborough software firm Tascomi

Roisin Murray from Tascomi shows Alderman Allan Ewart what the firm has to offer its new owner Idox
Roisin Murray from Tascomi shows Alderman Allan Ewart what the firm has to offer its new owner Idox Roisin Murray from Tascomi shows Alderman Allan Ewart what the firm has to offer its new owner Idox

HILLSBOROUGH-based software firm Tascomi has acquired in a £7.125 million deal by Idox, when its 30 staff joins its team of 670 people.

Tascomi has been operating for 13 years, selling its web-based software to local authorities and government departments for use in planning, building control, land charges, trading standards and licensing.

Idox chief executive David Meaden said: "The addition of Tascomi's technology platform to Idox's deep domain knowledge and account management model will be a powerful combination that will allow us to deliver the next generation of software solutions to customers in our core public sector markets and drive enhanced shareholder value and service to customers.

"This acquisition offers a sound strategic fit as we look to enhance our overall cloud offering in conjunction with growing our SaaS (software as a service) revenue base."

Roisin Murray, programme director at Tascomi, added: "We are proud that the potential of both our products and people has been recognised by Idox and look forward to the positive impact their market leading position can make to our future as a group."

She added: “With our innovative cloud-based software, we have been growing exponentially in recent years. We're proud the potential of both our products and people has been recognised by Idox and look forward to the positive impact their market leading position can make to our future as a group.”

Lisburn & Castlereagh City Council development committee chair Allan Ewart said: “Tascomi’s forward thinking attitude and ambition to grow is evident by the news of this planned acquisition.

“It is a great opportunity for both companies to accelerate growth and presence in the regulatory services marketplace, which in turn will benefit their existing and future clients as well as the local economy.”