North West software business acquired by German group
Isograph, the Warrington-based integrated software product provider, has been acquired by German engineering and quality management software company, PeakAvenue, for an undisclosed sum.
Established in 1986, Isograph’s comprehensive product suite comprises a broad range of reliability, availability, maintainability and safety (RAMS) solutions, being the go-to-vendor for Fault Tree software for blue chip clients around the world.
Richard Pullen, Isograph co-founder, said: “We are excited to join forces with PeakAvenue and contribute our extensive experience in Functional Safety and Security analysis.
“Together, we aim to create unparalleled solutions that meet the evolving needs of our clients and accelerate the web development of our software.”
The Manchester team of accountancy firm, Azets, advised Isograph, on its acquisition.
Mr Pullen added: “The Azets Corporate Finance and Tax teams, led by David Simmons and Robert Wardle, respectively, ensured the deal was a seamless transaction, which has been imperative to allow for our continued growth during the process.”
David Simmons, Corporate Finance Partner at Azets in Manchester, said: “Despite the current economic background, it’s been brilliant to support a number of growing SMEs across booming industries, globally. This cross-border deal comes just three months after our teams advised on the sale of Forsberg Services Ltd to Norwegian company Teleplan Globe AS in December.”
Isograph has offices in Warrington and Salt Lake City, Utah, USA.
Its software is used by more than 1,900 clients with a strong footprint in the UK, USA, Germany, and Australia.
Customers are from various verticals, including Aerospace, Semi-Conductors, Energy, Defence, Automotive, Transportation, Medical, and Telecommunications, among others. The team at Isograph remains the same.
The Azets team comprised Corporate Finance (David Simmons and Nan Hao), Tax (Robert Wardle and Laura Duggan), as well as legal advice by Addleshaw Goddard (Shelley McGivern, Paul Keohane and Eleanor Chatterton).
