DCSL Software completes acquisition of GuideSmiths for £12m
DCSL Software has acquired GuideSmiths Limited in a £12m deal that improves the group’s position in the software development and digital transformation sector.
The software development and digital transformation specialist, which will rebrand as DCSL GuideSmiths, has doubled to a team of more than 250 across six locations in the UK and Europe and has a combined turnover of over £20m.
The business, which delivered 40% revenue growth in 2020 under the continued leadership of CEO Nick Thompson, has further ambitious plans for both strong organic and acquisitive growth. GuideSmiths Managing Director Mike Newall will support business growth objectives in his new role as Commercial Director of the Group.
The merged group boasts international brands within its portfolio including MailOnline, Bourne Leisure, Centrica, Infinitas Learning, Fine+Rare, Marsh & McLennan, Smith & Nephew, Pearson Education, Apax and the Medicines & Healthcare Products Regulatory Agency (MHRA).
Headquartered in Farnborough, DCSL GuideSmiths’ offices span London and Manchester in the UK, with overseas offices in Bucharest, Budapest and Madrid.
Nick Thompson, CEO of DCSL GuideSmiths said: “This acquisition and rebranding represents a step change for DCSL and I am hugely proud of the growth we have achieved in recent years.
“The skillsets and specialisms housed in DCSL and GuideSmiths perfectly complement each other and bringing the two businesses together expands our capabilities and offering to our customers. We are pleased to close this deal and look ahead to a prosperous future that will see further M&A and geographical growth. We are truly excited about the next chapter in our history and look forward to delivering more success to our new and existing clients.”