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
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of 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, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, 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. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that VAI, a leading ERP software provider, 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. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
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...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...