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Press Centre

Completion of acquisition of M.A. International Limited

7 September 2006
Detica announces completion of M.A. International Limited
Further to the announcement of 8 August 2006, Detica Group plc, the specialist IT consultancy, is pleased to announce that it has completed the acquisition of M.A. International Limited.
Founded in 1996, m.a. partners is a management consulting group with 130 employees, specialising in the capital markets sector that provides high-value consultancy to global investment banks, asset managers, private banks, prime brokers, exchanges and retail brokerages. It has offices in Europe and the US with its principal offices in London and New York.
Tom Black, Chief Executive of Detica, today reiterated comments made at the time of the announcement of the acquisition:
"Capital markets represents one of the largest and fastest growing consulting sectors driven by the sheer volumes of data, the complexity of new financial instruments, international and local regulatory initiatives and a continued drive for efficiency gains. The acquisition of m.a. partners brings us real critical mass and a leading position in this sector.
In m.a. partners, we are acquiring a business that has a very impressive track record of growth and one that has long term relationships at the very highest levels in the industry. Its consulting services are complementary to the deep technical expertise of our current capital markets team. We are delighted to welcome m.a. partners into the Detica fold and look forward to realizing real revenue synergies from this acquisition."
Jon Moore, Chief Executive of m.a. partners, added:
"We believe that this deal will create a firm which will ultimately become the leading business and technology consulting firm for major institutions in global capital markets. For our clients this deal will enhance the scope and scale of services we provide, remaining focused on areas where deep industry knowledge and high technology capabilities can be applied to solve complex business problems.
For our people this deal will enable them to develop a broader set of skills and capabilities, whilst more rapid growth will allow them to take on greater responsibilities earlier in their careers. Most importantly we believe that both firms share a common set of values and attract and retain the highest calibre people. I am personally excited to be joining Detica's management team and look forward to a new phase of continued, successful growth."

Contact Details

Edward Bridges or Matt Dixon
Financial Dynamics
Tel: 0207 831 3113