Livingbridge today announced the £20m secondary buyout of Kirona Solutions Holdings Limited (“Kirona”). The original buyout in 2011 was funded by the management team and LDC and both retain an ongoing interest in Kirona as a result of the transaction.
Based in Cheshire, Kirona is a leading provider of Field Force Automation solutions supporting more than 25,000 mobile workers across the globe. The software and services enable Kirona’s clients to automatically schedule jobs, improve productivity and streamline workflows by connecting clients, the office and mobile workforces more effectively.
More than three hundred clients from both the public and private sectors benefit from Kirona’s fully end-to-end approach that incorporates software and transformation services. The Kirona technology is offered through leading resellers and distributors including BT, Vodafone, Northgate Information Solutions, Capita and Civica.
The business was founded in 2003 by David Murray and Neil Harvey. Kirona has since gone on to develop Mobile and Dynamic Scheduling solutions for Housing, Government and Enterprise Field service markets.
In 2012 Kirona acquired Xmbrace, the market leading provider of dynamic scheduling software to the U.K. housing market and the business will look to make further acquisitions over the coming years.
The investment by Livingbridge will support the business as it continues to enhance and develop its product suite for clients within both private and public sectors, and further expand its services internationally.
The Livingbridge investment was led by the Manchester based team of Pete Clarke, Nick Holder, Mo Aneese and Oliver Mauldridge, with Pete Clarke joining the Board.
David Murray, CEO of Kirona comments:
“The business has a tremendous market opportunity as the investment case for our software and services becomes increasingly compelling for organisations across both the public and private sectors. We have completed this transaction quickly, within ten weeks of agreeing a deal with Livingbridge, and now look forward to working with them to further the success of Kirona.”
Pete Clarke, Livingbridge comments:
“The field force automation market is worth in excess of £500m p.a. in the UK, and is growing at double digit rates as organisations look to get the productivity and service level improvements that mobile enterprise technology can bring. David, Neil and the team have built Kirona into a strong player in the market and we are delighted to be partnering with them during the next stage of Kirona’s development.”