The Channel logo

News

By | Paul Kunert 1st November 2011 14:29

Calyx owner Better Capital stages reseller roll-up

VC building mid-market Microsoft and Sage software specialist

Private equity house Better Capital has merged seven specialist mid-market software resellers under the m-hance brand with a single management team.

Microsoft ERP and CRM dealer Gyrosoft, the hosting and software development biz at MentecPlus and the mid-market client list from MS Dynamics and Sage dealers Sys-Care and Avant-Garde have been acquired by the venture capitalist for an undisclosed sum.

Better Capital has brought together these businesses with Calyx Software, which it rescued from administration in 2010 and subsequently expanded through the £6m acquisition of Trinity Computer Services and the software reselling arm of Touchstone Group in June.

The m-hance group employs 150 staff at offices based in London, Manchester, Loughborough, Dublin and Glasgow and claims to serve 1,000 direct customers in the UK and Ireland and another 1,000 through channel partners.

"We’ve combined the strengths of seven respected specialists into one financially strong leader with an experienced management team backed up by a solid balance sheet containing no external debt," said Mark Thompson, m-hance MD, former COA Solutions boss.

The mid-market operation will concentrate heavily on verticals. It already provides finance, CRM and other applications to the distribution and manufacturing sectors. ®

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

Roll up, roll up, get your exclusive market insights
Wile E. Coyote goes over the edge again
money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede