Has swiftly built/acquired a strong presence in high end knowledge management
Good contract-winning momentum
Multiples are modest given the earnings growth
Citadel provides cloud-based knowledge management software and support services to the health sector, government departments and large enterprise clients. The May 2016 acquisition of Kapish further deepened the group’s offering in the EDRMS (Electronic Content and Document & Records Management) space. The Group has won large contracts with a broad range of customers such as Unity water, Queensland Health, Queensland Police, Department of Defence and Monash University.