Logica Europe

IT Logic

Logica boasts that its software supports a third of the world's satellites, while its technology systems for the financial sector transfer the equivalent of the United States' annual GDP every single day at the same time.  Not only that, but the firm also says it provides the systems to produce the weather satellite images for more than two billion people.  We could go on, but these statistics are just a snapshot of the breadth and range of Logica's reach in today's world.  The European firm is one of the continent's top IT and business service providers, with a presence in 36 countries through its 39,000 employees.  In addition to systems integration, Logica's service offerings extend to business consulting, IT and business process outsourcing.

These services are provided to companies over a range of industrial sectors, including automotive, defence, energy, financial services, manufacturing, pharmaceutical, public sector, space, telecoms and media, transport, travel and utilities.  The UK Ministry of Defence, Dutch Home Affairs and the UK Crown Prosecution Service are some of Logica's public-sector clients while it counts ING, Energias de Portugal, Volvo, Shell, Electricite de France, InBev, Eon, Ford, Vodafone and Deutsche Bank amongst some of its commercial clients.  Over the years, Logica has also formed key strategic alliances with technology vendors Oracle, Microsoft and SAP, with whom it often works in collaboration to solve business challenges for clients.  

New name, new company

The last few years have been pretty active ones for the consultancy in terms of acquisitions and restructuring.  In the early part of the decade, a period of growth saw the firm make a number of purchases in Europe and then complete a famous merger in December 2002 with telecoms consulting specialist CMG.  The resulting organisation was known as LogicaCMG, and did quite well, making several additional purchases, including a buyout of France's fourth largest IT services provider Unilog for a whopping â'¬930 million in 2006.

Making acquisitions and successfully integrating them, are two different things, however, and LogicaCMG plodded along for a few years without really managing to do the latter properly, with several of the firm's purchases continuing to operate almost autonomously under their previous titles.  Enter new CEO Andy Green in October 2007, armed with a desire to arrest the firm's underwhelming performance in the stock market and a policy of "revitalising" the firm.  First up: branding.  Green changed the company's name to plain old Logica, and instituted a new corporate identity to go with it.  He then followed up by starting an ambitious restructuring effort (see the news section below for full details).
 
Looking north

The greatest share of Logica's revenue comes from the Nordic region, with operations in Sweden, Norway, Finland and Denmark consistently pulling in almost 30 per cent of the firm's business.  After that, both the French and UK markets chip in around 20 per cent each.  The Netherlands represents the firm's other major European market, responsible for more than 15 per cent of revenue, in comparison to neighbouring Germany, which contributes just a little over 5 per cent.  The remaining revenue, meanwhile, comes from "international" markets, with over a third of that down to outsourcing.

THE LATEST ON LOGICA

'Ello 'ello 'ello
April 2009

The firm was awarded a seven year contract, with a value of £75.6 million, to design, build and operate the Police National Database, an information-sharing capability for police forces in the UK.  The contract was awarded by the National Policing Improvement Agency.

Driving the future
March 2009

Logica unveiled an internet-based online collaboration platform that will be used by a variety of experts to design a green car of the future, known for the moment as the c,mm,n car.  The OCP will be used by designers, transports specialists and many others as they seek to build off of one another's ideas, a process known as crowd-sourcing, to find the best way to bring the c,mm,n car concept to life.

The platform is similar to one that Logica developed for the Dutch government that allows civil servants to brainstorm on policy issues without actually having to be in the same place at the same time.

Signs of life
February 2009

In a sign that the restructuring effort may be paying off, Logica posted positive annual results for 2008.  Revenue was up 17 percent to £3.6 billion, with some 32 percent of that coming from outsourcing, approximately the same as in 2007, but something that the firm is seeking to increase in future.  The Nordics, meanwhile, once again came in as the highest revenue region for the firm.

On the outs
December 2008

Paul Schuyt, CEO of Logica Netherlands, announced his intention to leave his post.  He will stay on until a replacement can be found.

Taking charge of debt
December 2008

In a move designed to strengthen its balance sheet by paying down debt, the firm issued £85 million worth of shares to existing investors at a 5 per cent discount.  The move, which saw the firm create 122 million new shares, was unsurprisingly accompanied by a dividend reduction.  The firm was quick to point out that the move was a cautionary measure to reduce debt in light of tightening credit markets, rather than any kind of signal that its debt had become unmanageable.



Logica Europe


250 Brook Drive
Green Park
Reading RG2 6UA
Phone: +44-20-7637-9111
Fax: +44-20-7468-7006
www.logica.com

STATS


  • Employer Type: Public
  • Stock Symbol: LOG
  • Stock Exchange: LSE
  • CEO: Andy Green
  • 2008 Employees: 39,937

Major Office Locations

  • London, United Kingdom

Key Financials

  • 2008 Revenue: $3,588 million

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