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Friday 25 June 2021

*New Research* Servelec: Connecting Communities Through Digital Care

Servelec logoServelec has undergone a period of extensive restructuring and divestments in recent years. It has a new leadership team in place and a much clearer focus—connecting communities through digital care.

Sheffield-based Servelec was founded in 1977 with a focus on the design and manufacture of control systems for the local steel industry. It has been through many different guises over its 44-year history, including a significant amount of change since it was taken private in a £224m acquisition funded by Montagu Private Equity in 2018. The sale of its Technologies business in 2019 left Servelec wholly focussed on the public sector markets of health and local government, with the latter spanning social care, education, and youth services.

TechMarketView caught up with CEO Ian Crichton and CFO Simon Belfer about the changes in the business. In this research note we look at the history of Servelec, how it has restructured since it was taken private by Montagu, its strategy and product mix, its financial performance in 2020, and its prospects for the future.

Subscribers to TechMarketView's Foundation Service and PublicSectorViews research streams can download the research note—Servelec: Connecting Communities Through Digital Care—now. If you are not yet a subscriber and would like to find out how to gain access to this research and much more besides, please contact Deb Seth.

Posted by Dale Peters at '09:53' - Tagged: software   research   integration   healthcare   local+government