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IDOX acquires CTSpace
[November 16, 2011]

IDOX acquires CTSpace


Nov 16, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- IDOX plc has acquired CTSpace, a provider of on-demand collaboration and business process management solutions, from Sword Group SA for GBP11.6 million in cash. Both IDOX and CTSpace are based in the UK.



IDOX is a supplier of document management and software solutions, while Sword Group is a France-based IT consulting company.

Following the acquisition, CTSpace will be integrated into McLaren Software, Ltd.


IDOX will fund the acquisition entirely from a new term and revolving credit facility through its existing relationship with Lloyds Banking Group.

Deal Value (US$ Million) 18.55 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2011-11-15 Deal Participants Target (Company) CTSpace Acquirer (Company) IDOX plc Vendor (Company) Sword Group SA Deal Rationale The acquisition will allow IDOX to enhance McLaren software portfolio in engineering document management & control market.

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