 |
|
Touchpaper joins US group
A Surrey-based IT management services specialist has been valued at £23 million after it was bought by a US group. Touchpaper, a Woking-based business operating across Europe, Asia and the US, has become part of IT infrastructure management group Avocent.
The deal, which was funded through existing resources and debt, is part of a strategy to enhance the Texas-based group’s offering in the IT operations management market.
Touchpaper’s technology will be integrated into Avocent’s management software systems to enable service desk technicians to consolidate call logging, problem management, configuration management and change management into a single application.
The vendors were advised by Cobalt, a technology, media and telecoms corporate finance specialist, which worked on their management buy-out seven years ago.
Its team was led by partner Paddy MccGwire, who says the deal highlights the continued interest from US buyers in UK technology businesses, adding 'This is the fourth disposal Cobalt has advised on in the last year involving a US company.'
Related Articles |
Interesting links
Other Sector Watch
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- Qatar National Bank deal shows consolidation trend Aug 28 2008
- Provident on the lookout for friends Aug 28 2008
- Blooming acquisition for United Online Aug 27 2008
- Triton finds its sea legs Aug 27 2008
- Credit Suisse invests in asset management company Aug 26 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Funding boost for Durham Pipeline Technology Aug 28 2008
- Liverpool Victoria races off with Highway Aug 28 2008
- Serco acquires SI International Aug 27 2008
- Proventec cleans up
with German deal Aug 27 2008 - Hill & Smith’s US window of opportunity Aug 26 2008
Business Diary
- Rosenblatt New Energy Awards 2009 27th February
- Enterprise Security 2008 25th September
- European Semantic Technology Conference 2008 24th September
- Business XL How to float on AIM 11th September
- Investor AllStars Venture Capital Awards 2008 16th September