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Capita on the front foot as it announces £30mln contract win with Southern Water

Published: 17:49 19 Jul 2018 AEST

Capita
Last week Capita landed a £109mln contract in education

Capita PLC (LON:CPI) shares edged higher as the outsourcer said it won a £30mln contract with Southern Water.

The company will manage Southern Water’s back office billing processes, correspondence handling, print and mail for the next five years.

READ: Capita shares gain as it sells Parking Eye business and announces contract win

The deal marks an extension on Capita’s six-year partnership with Southern Water. Under a contract, Capital established a front-office operation for Southern Water.

“This expanded partnership with Southern Water demonstrates Capita’s expertise in transforming customer experience across all channels,” said Capita chief executive Jon Lewis.

“It also reflects our track record of supporting blue-chip clients in highly-regulated sectors such as utilities and financial services.”

In early trading, shares rose 2% to 167p.

The news comes a week after the company said it had been awarded a six-year £109mln contract with the Department for Education’s Standards and Testing Agency (STA).

Capita will manage the administration, processing and support for all primary school national curriculum assessment (NCA) tests in England.

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