Smart421 is a specialist in the area of business applications integration and has a range of blue-chip clients, including O2, Norwich Union and UPC.
The company generated £11.1m turnover in the year ending June 2006, with a pre-tax profit of £1.5m.
The business also has gross assets of £6.6m, including a cash balance of £3.4m.
Smart421, which will be managed as a ‘discrete business entity’, and Kingston feel that the acquisition provides a complementary fit to its organisation.
Malcolm Fallen, chief executive of Kingston Communications, said: “The business has an outstanding reputation in the applications integration marketplace, offering a high quality service to its customers.
“The group will benefit from the immediate extension of application-related skills, particularly through Smart421's Microsoft and IBM capabilities.”
Julian Harris, chairman of Smart421, said: “I am delighted with the service delivered by the team at First Capital.
“They worked with us to position Smart421 as a key strategic asset in the marketplace.
“They were totally committed, ran the whole process with the utmost attention to detail and delivered an excellent result for the shareholders, management and the company.”
© Crimson Business Ltd. 2006
