Fast growth tech business MPP Global sold in £37.1m deal

Birchwood Park, Warrington

A Cheshire-based provider of cloud-based subscription management and billing technology has been acquired for £37.1m.

Aptitude Software, the specialist provider of finance transformation and automation software said the acquisition of Warrington headquartered MPP Global Solutions will strengthen its presence in global technology, media, and telecom sectors where businesses are increasingly adopting subscription models.

MPP Global’s eSuite platform converts and retains paid users for its clients, and is unique in its integration of identity management, customer relationship management and automated subscription billing.

It counts major global media companies including Sky, News UK, Daily Mail Group, L’Equipe and McClatchy among its clients employs around 100 staff at its Birchwood Park base.

The majority shareholders of MPP include Grafton Capital and AlbionVC, alongside founders Paul Johnson and Chris Cheney and their families.

The founders will support the initial integration of MPP Global into the group before exiting the business.

Jeremy Suddards, Chief Executive Officer of Aptitude Software, said: “I am delighted to welcome the MPP Global team and customers into the Group, expanding both our current offering and future innovation capabilities.

“We believe MPP Global is a strong strategic fit, with both businesses positioned to capitalise on the growth in Subscription offerings, and we are excited for the new opportunities the acquisition will bring.”