Canberra MSP Citadel Group has acquired government SaaS platform Gruden for $1.65 million from ASX-listed digital payments provider IncentiaPay.
Gruden develops scalable SaaS platforms specialising in eProcurement, with clients in “key government agencies” across Australia.
The platform supports eProcurement platforms on both state and federal levels, specifically with Austender and its grants management, Victoria’s records management and the New South Wales eProcurement platform.
“The acquisition of Gruden provides Citadel with valuable new SaaS platform capabilities and panel arrangements that we will leverage into new areas of government and private industry as we continue to execute on our strategy of managing information in complex environments,” Citadel Group chief executive Darren Stanley said.
IncentiaPay announced its intentions to sell Gruden in November as part of its ongoing strategy to divest non-core operations.
The deal will be done through Citadel’s wholly-owned subsidiary Jakeman Business Solutions in an all cash transaction, with Gruden expected to be earnings accretive immediately.
In April, Citadel acquired Queensland-based medical software-as-a-service provider Anaesthetic Private Practice for $2 million. The company provides cloud-based practice management and billing solutions to anaesthetists in private practice.
Citadel also revealed new contract wins, starting with St Vincent Hospital in Sydney signing up as its first client for its Charm specialist oncology software solution for a five-year period. The company acquired Charm in September last year.
It won a $5 million contract with the Department of Human Services to provide content and collaboration services to the National Disability and Insurance Agency, which is due to be completed in April.
The company also scored a $1.3 million contract with the Department of Defence to support the Air 7000 project.
Citadel was awarded a 9-year contract with the Queensland Department of Transport and Main Roads to provide a hosted managed service for an electronic development application management system.
The company also signed Swinburne University as a new client, while also extending an existing contract with Monash University.