Calyx owner Better Capital stages reseller roll-up
VC building mid-market Microsoft and Sage software specialist
Private equity house Better Capital has merged seven specialist mid-market software resellers under the m-hance brand with a single management team.
Microsoft ERP and CRM dealer Gyrosoft, the hosting and software development biz at MentecPlus and the mid-market client list from MS Dynamics and Sage dealers Sys-Care and Avant-Garde have been acquired by the venture capitalist for an undisclosed sum.
Better Capital has brought together these businesses with Calyx Software, which it rescued from administration in 2010 and subsequently expanded through the £6m acquisition of Trinity Computer Services and the software reselling arm of Touchstone Group in June.
The m-hance group employs 150 staff at offices based in London, Manchester, Loughborough, Dublin and Glasgow and claims to serve 1,000 direct customers in the UK and Ireland and another 1,000 through channel partners.
"We’ve combined the strengths of seven respected specialists into one financially strong leader with an experienced management team backed up by a solid balance sheet containing no external debt," said Mark Thompson, m-hance MD, former COA Solutions boss.
The mid-market operation will concentrate heavily on verticals. It already provides finance, CRM and other applications to the distribution and manufacturing sectors. ®