In a move that has surprised virtually no one, Capita is handing back what’s left of Teceris to former Teceris man Stewart Steel who’s now ensconced at VeriClaim U.K. the recently launched UK offshoot of VeriClaim Inc. The deal is thought to include most of Teceris’ senior management and support staff.
Meanwhile Capita is selling its motor fraud investigation arm to Mike India 5. This is the business formerly known as Brownsword which Capita bought from founder David Brownsword back in 2004. Mr Brownsword remained at the helm until 2006, before being “lured out of retirement” to become CEO of… MI5. So effectively he’s sold and bought the business back.