Azets advise on software company acquisition

Professional services group, Azets, has advised Warrington based software company, Isograph, on its acquisition by engineering software provider, PeakAvenue.

Established in 1986, Isograph provides reliability, availability, maintainability and safety (RAMS) solutions, and is the go-to vendor for Fault Tree software for blue chip clients around the world. The deal sees PeakAvenue acquire Isograph for an undisclosed sum, with Isograph’s team remaining in place.

Commenting on the acquisition, Richard Pullen, Co-Founder of Isograph said:

“We are excited to join forces with PeakAvenue and contribute our extensive experience in Functional Safety and Security analysis. Together, we aim to create unparalleled solutions that meet the evolving needs of our clients and accelerate the web development of our software.

“The Azets’ Corporate Finance and Tax teams, led by David Simmons and Robert Wardle respectively, ensured the deal was a seamless transaction, which has been imperative to allow for our continued growth during the process.”

David Simmons, Corporate Finance Partner at Azets in Manchester added:

“It’s been a pleasure to act on behalf of Isograph to agree a deal to secure an ambitious future for the company. Despite the current economic background, it’s been brilliant to support a number of growing SMEs across booming industries, globally. This cross-border deal comes just three months after our teams advised on the sale of Forsberg Services Ltd to Norwegian company Teleplan Globe AS in December.

“We wish the teams at Isograph and PeakAvenue all the best and look forward to seeing their success.”

The shareholders of Isograph were advised by Azets’ Corporate Finance (David Simmons and Nan Hao), Azets’ Tax (Robert Wardle and Laura Duggan) teams in the North West. Legal advice was provided by Addleshaw Goddard (Shelley McGivern, Paul Keohane and Eleanor Chatterton).

In the UK, Azets is a Top 10 accountancy firm and employs more than 3,800 people, with 88 offices nationwide, including in Stockport.