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€100m deal for AMT

IRISH software firm AMT-SYBEX is being scooped up by services giant Capita in a deal worth over €100m.

The support services firm said it is paying €100m in cash and a further €27m based on certain targets being hit by AMT.

AMT is a proprietary software business firm which focuses on mobile technology and smart data management for the utilities and transport sector.

It is forecasting an operating profit of €15.5m on turnover of €54m in its current financial year to January 2015.

According to the company, it manages the data of 35 million consumers and enabling mobile working for over 35,000 employees.