THE new owners of a York technology company which has been bought for £57 million say they plan to expand the business “substantially over the next five years”.

Capita announced yesterday that it had acquired Monks Cross-based Trustmarque Solutions Ltd, which delivers integrated services that support UK private and public sector organisations through every step of the IT investment process, from solution development through technology provision to deployment and ongoing support.

Simon Furbar, managing director of Capita Technology Solutions, said: “Capita is planning to grow Trustmarque substantially over the next five years, which includes an expansion of the business in York.”

Trustmarque, which presently has 170 staff at its York office, was the subject of a £43 million management buyout in June 2013, then was acquired by Liberata in September 2014.

Capita has worked with Trustmarque for many years, as the company was the embedded software fulfilment partner within Capita Technology Solutions, Capita’s technology reseller and service integration business.

The move adds to Capita’s already substantial presence in the York area. In February 2015 it paid £20 million to acquire a 75 per cent stake in the Food and Environment Research Agency (Fera) at Sand Hutton.

Scott Haddow, Trustmarque’s chief executive, said: “We are now well positioned for strong organic growth, supported by Capita’s impressive expertise, experience and scale. Capita’s long history with Trustmarque means that the two businesses understand each other well, and we look forward to working closely with new colleagues to deliver the best possible services and solutions.”