Souter Investments, the family investment office of Sir Brian Souter, has completed an investment as part of a Horizon Capital led transaction which has invested in Sapphire Systems, one of Britain’s biggest providers of enterprise software applications, services and support.
Sapphire has developed a reputation as a leading global provider of enterprise resource planning (ERP) and financial management solutions (FMS) and is a leading partner of major software authors SAP and Infor. Serving more than 1,000 clients and employing over 250 people across global offices in the UK, USA, India, Mexico, Philippines and Argentina, the business offers round the clock support and hosting alongside software licences and implementation.
For the full Horizon Capital press article please see here
In addition, DivideBuy, the fintech interest free credit provider, has won the prestigious Deloitte UK Technology Fast 50 award. DivideBuy reported over 20,000% growth over the reported 4 years, bettering its ranking of 3rd in 2019. Souter Investments invested in DivideBuy in December 2018 and has since seen impressive growth with a number of blue-chip names choosing to use the company’s leading technology to increase sales.
For full details of the Deloitte UK Technology Fast 50 please see here
Calum Cusiter, Investment Director at Souter Investments, said “Having backed Horizon Capital in its investment in DMC Canotec, we are delighted to build upon this relationship and invest alongside them in Sapphire. Sapphire is clearly a high quality business with an impressive operational international footprint and diverse customer base. We look forward to sharing the next chapter in the company’s growth story in the coming years.
The award for DivideBuy is also well deserved and recognises the significant value add funding solution that the Company can bring to retailers. Given the competition for this award and the calibre of businesses it was up against, to come out top of the Fast 50 award is a fantastic achievement.
These 2 announcements cap a busy period for Souter Investments following our recent investment in Climate Care and the funding of the spinout of Likezero from PWC.”