Guide to mergers and acquisitions in the social care sector
Our Corporate & Finance team has provided a useful guide to what you need to consider when undertaking a disposal or acquisition in the social care sector.Read more
Irish technology firm, Intact Software, and Blue Rock Systems are chiefly known for enterprise resource planning (ERP) systems. Blue Rock Systems was founded in 2005 and will add 43 employees to Intact’s workforce, along with transitioning more than 150 customers. Intact anticipates it will see 60% growth in the coming year. Its previous acquisition in the UK was of reseller partner, Ramtac, in 2016.
Intact’s CEO Justin Lawless said: “The acquisition of Blue Rock Systems is part of Intact’s strategy to become the leading provider of ERP and business software solutions in the merchant and distribution sector.
“This important development adds to our strong customer base and involves a team of highly skilled individuals, with deep software industry expertise, who will enhance customer service and support our growth plans.”
Fergal Barry, chief financial officer at Intact, said: “This was our second time using Flint Bishop to assist in an acquisition. On both occasions they have delivered for us. All the complexities within these transactions were handled with the care and professionalism we have come to expect from Flint Bishop. Martyn Brierley and his team took ownership of this project and drove it through to completion, whilst ensuring we were kept abreast of the progress by delivering pertinent information in a timely manner. They were a pleasure to work with and we look forward to availing of their services for the years to come.”
Our Head of Corporate & Finance Martyn Brierley commented: “We were thrilled to work once again with Justin, Fergal and the team at Intact, on this follow-on strategic acquisition. With Blue Rock strengthening Intact’s position in the software market, I’m excited to see where their growth leads them.”
Grant Thornton provided financial and tax due diligence services to Intact from its Dublin office.
If you would like any advice on any aspect of M&A, whether it be acquisitions and disposals, preparing a business for sale, management buy-outs or buy-ins, joint ventures, reorganising or restructuring a business or other specialist services, then please do not hesitate to get in touch with Martyn Brierley (Partner & Head of Corporate & Finance) on 01332 226 188 or complete the form below to arrange a confidential no-obligation discussion.
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