Altia Delivers Expansion and Acquisition with NorthEdge and Bowmark Partnership
Deal News | Jan 21, 2025 | NorthEdge Capital
NorthEdge Capital has announced the successful sale of Altia, a specialist software company, to Bowmark Capital. An exciting investment from NorthEdge Fund III accompanies this transaction, signifying support for Altia's continued growth. Altia's progress under NorthEdge's partnership saw a 20% annual growth in Annual Recurring Revenue and the expansion of its international footprint. The company enhanced its portfolio through strategic acquisitions, including VeriSaaS, Badger Software, and Aquila Intelligence Solutions Ltd, broadening its product range and extending its market reach. Significant investments in technology and personnel have elevated Altia's market position and operational efficiency. With substantial advisories from KPMG, PwC, OC&C, and Browne Jacobson, this transaction underscores Altia’s trajectory of innovation and growth.
Sectors
- Software Development
- Private Equity
- Public Sector Solutions
Geography
- United Kingdom – Altia is headquartered in Nottingham and holds a significant presence within the UK, where much of its growth story has been centered.
- Global – With Altia's international customer base spanning the UK, US, Canada, and Australia, the company's operations and growth strategy reflect a global perspective.
Industry
- Software Development – Altia is a specialized software company that develops intelligence and investigation management software. This industry's relevance is clear from Altia's focus on creating technology solutions for investigations.
- Private Equity – NorthEdge Capital's involvement in the acquisition and investment exemplifies the Private Equity sector’s role in funding, growing, and exiting investments within dynamic markets.
- Public Sector Solutions – Altia primarily serves public sector entities with their software solutions, showcasing the importance of public sector-oriented products in their market strategy.
Financials
- Over 20% ARR growth – Altia's annual recurring revenue growth rate since partnering with NorthEdge.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Altia | Target Company | Company | A specialist intelligence and investigation management software company, sold to Bowmark Capital. |
| NorthEdge Capital | Selling Company | Company | A private equity firm facilitating the sale of Altia while also investing through NorthEdge Fund III. |
| Bowmark Capital | Bidding Company | Company | An investment firm acquiring Altia to further its expansion. |
| VeriSaaS | Acquired Company | Company | Field intelligence and evidence collection software company acquired by Altia. |
| Badger Software | Acquired Company | Company | UK’s leading software for dealing with Crimes in Action and Critical Incidents acquired by Altia. |
| Aquila Intelligence Solutions Ltd | Acquired Company | Company | An open-source intelligence software provider acquired by Altia. |
| KPMG | Corporate Finance Advisor | Company | Provided corporate finance advisory for NorthEdge and Altia. |
| PwC | Financial Due Diligence Advisor | Company | Conducted financial due diligence for the transaction. |
| OC&C | Commercial Due Diligence Advisor | Company | Conducted commercial due diligence for the transaction. |
| Browne Jacobson | Legal Advisor | Company | Provided legal advisory services for the transaction. |
| Jon Pickering | Chief Investment Officer | Person | Led the exit for NorthEdge Capital. |
| Rob Sinclair | CEO | Person | CEO of Altia who played a central role in the transaction and strategic direction. |