Aker Systems has secured a significant minority investment from LDC, a mid-market private equity firm, as it targets further expansion to support the digital transformation of organisations across the UK.
Aker Systems was founded in 2016 by a team of experienced technology professionals who recognised an opportunity to provide highly secure enterprise data platforms to large organisations.
LDC’s strategic partnership with Aker Systems will support the management team as they further invest in research and development relating to their proprietary software and services, and continue to grow the business’ team of highly experienced experts.
LDC is backing the business’ existing management team led by CEO Darren Thomas, CFO Richard Hodsden, CCO Adam Crawford and Founder Director Adam Fawsitt.
Tom Burnet will join Aker Systems as Non-Executive Chairman while Sir David Capewell will continue as a Strategic Adviser.
Adam Fawsitt, Founder Director of Aker Systems, comments: “With our team of experts and proprietary technology, we have developed a market-leading approach to completely transform how organisations use and manage their data.
“The support from LDC will amplify Aker Systems’ success to date and continue our journey as the market leader in this space. We have a highly scalable model and, with LDC’s backing, we are committed to driving further investment in our team and our systems as we continue to raise the bar for our industry.”
The investment marks the third deal in the last four months completed by the South team at LDC, following its investment in James and James Fulfilment and Babble’s acquisition of Lake Technologies. The total aggregate enterprise value of these deals is over £60million.
Head of LDC in the South, Lawrence Dean, comments: “Our recent activity is testament to the strength of mid-market business in the South of England during these challenging times and demonstrates our commitment to supporting ambitious management teams. Our partnerships are giving business leaders greater confidence to capitalise on new opportunities.”
LDC was advised by Gateley, HMT, ITC Secure, CIL, EY and KPMG.
Aker Systems was advised by Grant Thornton and Birketts.