Cash for Commerce

Qinetiq, the international defence and security company, has announced the acquisition of Oxford-based Commerce Decisions, a provider of tender assessment and management software, for £9.85m in cash.

Commerce Decisions is the developer of AWARD, a tender evaluation software package used by a number of UK central government departments, the NHS and local authorities.

AWARD provides an audit trail for procurers and improves the effectiveness of the evaluations process by offering through-life supplier and contract review. Commerce Decisions also provides secure hosting, consultancy, training and maintenance services.

The acquisition is expected to prove beneficial to both companies. In addition to expanding Qinetiq’s consulting services, Commerce Decisions will gain sales opportunities for its tender evaluation software through Qinetiq’s contacts in Europe, the Middle East and Africa (EMEA) and North America.

Clive Richardson, chief operating officer of Qinetiq EMEA, said: ‘The expertise of Commerce Decisions in complex assessment strengthens Qinetiq’s consulting offering and complements our portfolio in capability definition and acquisition support. I am delighted to welcome their management team and employees to Qinetiq and am confident they will make a significant contribution to the continued growth of our advisory business.’