Blue 8 is a software provider, enabling real-time location management to the emergency services through products like ‘Compass’, an address finding program used by police forces.
Livingbridge invested in March 2001 and by December 2002 turnover had increased 15% by supporting strategic areas of growth and focusing on the core public sector business.
When you go into an MBO, in all likelihood you’re doing it for the first time and you don’t know what you don’t know. We were looking to work with an investor that understood us, that would participate and try and add some value and not just treat us as a financial transaction. And importantly, we were looking for an organisation where the cultural and people fit was strong.
Former Chief Executive,
We supported an outstanding management team who developed the business following the original buy-out and successfully positioned the business as a leading public-sector software provider in an attractive niche.
We were impressed by Livingbridge’s sector knowledge and contacts. These not only helped during the deal process but added value as we approached exit.
Former Chief Executive, Blue 8