Welcome!

Blog Feed Post

NewGen secures multi million pound deal advising on the sale of Crocus Consulting to Inoapps

London (City) 05/03/2014: Leading IT Management & Investor group NewGen Associates is pleased to announce the successful completion of its most recent transaction, advising on the sale of Crocus Consulting Limited to Inoapps Limited.

Founded in 2000 Crocus Consulting is a leading Oracle Gold Partner specialising in PeopleSoft applications for HCM, Financials and Global Payroll. Inoapps is a leading Oracle Platinum Partner & hardware specialist with operations throughout Europe, the Middle East, Africa and the Americas. NewGen works closely with entrepreneurial businesses, their owners and management teams in the mid-market technology sector and was selected by Crocus Consulting to advise them on options for selling the business. After more than ten years the founding directors and shareholders wanted to achieve a successful capital event that met their pre-defined objectives. Using its considerable experience of M&A activity in the sector, NewGen crafted a tailor made exit plan for Crocus Consulting and carefully managed the process throughout. NewGen then identified potential buyers and led the negotiations to achieve an outstanding result for the shareholders.

Commenting on the deal, Steve Swift the NewGen director who led the process said, "Our considerable high level management experience and understanding of how to drive value in the deal was key. Careful planning and an understanding of the critical timelines involved was an essential element in optimising the value of the company. This enabled us to deliver a very successful transaction which matched all the requirements of the key stakeholders in the business and which took place at the right time for all concerned."

Crocus Consulting MD Chris Smith who will now head up the Inoapps Application Division noted, "We chose NewGen because of their tremendous experience of the sector and their widely acclaimed track record of delivery. They certainly worked diligently to fulfil our financial expectations."

For his part, Inoapps CEO Andy Bird added, "NewGen had prepared the due diligence data for Crocus to an extremely high standard and their detailed knowledge of their client and the business enabled the buying process to go smoothly."

Ends

Note to Editors: About NewGen (www.newgenassociates.com)
NewGen is a strategic management team, who work with, and advise, owners and investors on optimisation of their business potential.

NewGen was formed ten years ago providing Independent Directors, Consultancy and Advice and Guidance to Software Companies and producing results by giving businesses full commitment in time and investment.

The team has all held board positions with leading UK, European and Global Software Companies and represents over 100 years of Sales, Financial, Development and General Management experience in Software and associated Services.

We apply our expertise and business experience to achieve meaningful and sometimes dramatic results for the companies that we choose to work with and invest in.

Working closely with Private Equity, Venture Capital, Corporate Advisors and Banks and by applying our own brand of leadership and commercial thinking we have built a reputation and an impressive track record of achieving Shareholder and Stakeholder objectives.

We will always consider investment in the equity of our clients. This ensures that we share the same goals and objectives as other shareholders. The level of our investment varies depending upon the circumstances. On occasions a small minority shareholding may be appropriate whilst other circumstances may dictate that we take a controlling interest.

We are selective and only engage where we believe that we can add value and make a significant contribution.

For more information please contact:
Steve Swift
NewGen Associates
M: 07747 001602
[email protected]

or

Leigh Richards
The Right Image
T: 0844 561 7586
M: 07758 372527
[email protected]

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Latest Stories
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.