Nottingham software firm sold as private equity firm exits

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Private equity firm LDC has exited its investment in Nottingham-based Centiq to SoftwareONE, a global provider of end-to-end software and cloud technology solutions.

The deal follows a six-year partnership between LDC and Centiq.

Matt Lovell, CEO of Centiq, said: “We have appreciated the long-term support of LDC in helping us to build a market-leading business. Becoming part of the SoftwareONE family is an exciting opportunity for both our customers and employees, extending our global reach and enabling more organisations to benefit from our market leading SAP on Azure and native Azure expertise.”

Chris Coulton, portfolio director at LDC, added: “SoftwareONE is a great new home for the business that will enable Matt and his team to further develop the Centiq offering whilst continuing to deliver the outstanding client service and expertise that the business has become known for. We wish them all the best on the next stage of their growth journey.”