Outsourcing company Capita has bought the Edinburgh-based business intelligence company Barrachd.
Barrachd develops software that helps customers manage resources and and financial forecasting.
It works with companies across the UK in in financial services, energy and higher education.
Founded in 2007, Barrachd – which means ‘more’ in Gaellic – is one of IBM’s leading business analytics partners in the UK.
The company employs 38 people and was listed in the Sunday Times Tech Track 100 for two years running, from 2012 to 2013.
The business will continue to be led by the current directors and will join Capita’s Digital and Software Solutions division.
Andy Parker, Capita chief executive, said: “Our clients in both the private and public sector are increasingly looking at how they can benefit from analytical technology, both to enhance their customer service but also to explore new markets and opportunities for growth.
“Barrachd has a great record of working with companies to detect, gather and monitor business critical information, helping them to identify problems and solve issues.”