Click here to close now.


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."


Note to Editors: About NewGen (
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]


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
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
There are over 120 breakout sessions in all, with Keynotes, General Sessions, and Power Panels adding to three days of incredibly rich presentations and content. Join @ThingsExpo conference chair Roger Strukhoff (@IoT2040), June 7-9, 2016 in New York City, for three days of intense 'Internet of Things' discussion and focus, including Big Data's indespensable role in IoT, Smart Grids and Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) IoT's use in Vertical Markets.
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...