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Idox has acquired Trojan Consultants (which trades as Plianz), a provider of social care software, for £7.65m (increasing to £7.9m, contingent upon achieving revenue targets within 12 months). Plianz reported c.£2.5m in revenue in FY25 (ended 31st March 2025), of which c.90% was recurring, with adjusted EBITDA margins of c.25%.
A provider of process automation software for local authorities, the Plianz brand was established a year ago by Astuta software group, consolidating its then recent acquisitions AI-driven comms platform specialist Inform Communications and public sector financial management software supplier Trojan Consultants (which it had acquired in 2019).
With a focus on financial management of money and estates for vulnerable people, Idox views Plianz’ products as complementing its existing social care business (Idox’ Land, Property & Public Protection division was, once again, the primary growth driver in the company’s FY24 results, see Idox up 20% in FY24) – with scope for expanding Plianz’ market reach as well as growing Idox’ customer base in social care.
Posted by: Craig Wentworth at 09:24
Tags:
acquisition
social care
process automation