Natee Meepian - stock.adobe.com
BGF backs Fivium as UST buys Intecrowd
The role of private equity in the channel continues as there is consolidation elsewhere in the Workday partner ecosystem
Private equity player BGF has made a “significant investment” in public sector software player Fivium as the finance group continues to get involved with channel companies.
The list of firms the private equity firm has backed includes managed service providers (MSPs), security specialists and vertical market-focused operators.
The BGF backing will provide Fivium with the muscle to further expand its software-as-a-service (SaaS) platform and stay ahead of the needs of its public sector customer base, particularly with regard to regulations and compliance demands.
The London-based firm has been going for two decades, selling its eCase software platform, which is a case management solution that can operate across a number of applications with the assurance that it is secure and compliant.
“This investment marks the next exciting chapter for Fivium. Our software platform and digital solutions enable public bodies to deliver effective, transparent and well-governed services, and BGF’s backing allows us to accelerate that mission. It will further our ongoing investment in AI [artificial intelligence], helping us to recruit, grow and develop our talented staff, and enhance our commitment to supporting the public sector,” said Matt Fletcher, CEO and co-founder of Fivium.
As part of its involvement with the business, BGF has also supported the appointment of experienced software industry player Simon Russell as non-executive chair through its Talent Network.
Chris Morgan, an investor at BGF, said the company had identified a business that would benefit from its backing and would build on an existing position of strength in the public sector market.
“Fivium has built a fantastic reputation for delivering critical software to the public sector. Its technology plays an important role in helping organisations operate efficiently and transparently, whilst improving their service to citizens. We’re delighted to support the team as they scale the platform and broaden its impact,” he said.
UST adds Intecrowd for growth and value
Elsewhere, AI specialist UST has acquired Workday partner Intecrowd to enable it to meet more of the needs of its global customer base.
The move, the terms of which were not disclosed, strengthens UST’s position in the Workday partner ecosystem and is part of the firm’s strategy to expand its enterprise application capabilities.
Headquartered in the US, Intecrowd sells in the UK, as well as Germany and Poland in Europe, and is seen as a Workday specialist with a global reach.
“The acquisition of Intecrowd aligns with UST’s inorganic growth strategy to build depth in key service offerings. Strengthening our Workday capabilities supports our focus on domain-led AI solutions and innovation across our service lines,” said Vijay Padmanabhan, chief financial officer at UST.
“By bringing this expertise into UST’s global operating model, we are creating a scalable platform that supports efficient growth and long-term value creation,” Padmanabhan added.
In response, Don McDougal, founder and chief executive officer at Intecrowd, said the tie-up would combine its Workday expertise with the AI skills of UST.
“As Workday continues to lead in enterprise AI, we are well-positioned to accelerate AI adoption to drive HR and finance gains across our global customer base,” he added.
