Innervate Technology Solutions completes MBO and secures new investment partners for next phase of growth
Innervate Technology Solutions Ltd. (formerly Ciber UK Ltd.), a leading Microsoft Gold Partner for Financial Services, has today announced that it has completed a Management Buy Out from private investor, Rcapital. This transaction signals the end of a short yet critical stage in Innervate’s development of becoming an independent and profitable business.
This strategic move will allow Innervate to continue its journey of independence and increase its focus on growth, predominantly in the implementation of Microsoft Dynamics 365 solutions and managed services into the financial services, public sector, higher education, not for profit and manufacturing sectors.
Commenting on the announcement, Andy Startin, CEO of Innervate said:
“The first year of independence for Innervate has been extremely exciting, with continued significant success in various sectors, stable and reliable delivery to our customers and fresh certainty and opportunity for our colleagues. This next chapter for our business will build on those achievements and allow us to accelerate our plans and execute our clear and simple strategy both in the UK and Internationally.
I have been humbled by the loyalty of our customers and colleagues over the past 12 months and also energised by the new talent that have chosen to join us in delivering success to our customers, both old and new.”