Moorcrofts LLP advises Skillweb.co.uk Ltd. on the sale of its Houndit business
Moorcrofts’ corporate team has advised Skillweb.co.uk Ltd. (Skillweb), a leading UK based software development and solutions company, on the sale of its “Houndit” business to Escher Software Services UK Limited (part of Hanover Investors private equity group).
The “Houndit” business creates leading-edge cloud-based delivery solutions for the package and postal sector. Skillweb will continue to develop and operate its “SmartTask” business which also creates leading-edge cloud-based software solutions in relation to workforce management optimisation which is used in a range of business sectors.
The Moorcrofts team was led by Nicola Bennett (Corporate Partner), with support from Tim Astley (Tech & IP Partner), Lindsey Abbott (Employment Solicitor) and Heather Stewart (Corporate Solicitor).
Paul Ridden, Skillweb CEO, commented: “We are delighted to complete the sale of our parcel tracking and last mile delivery solutions to Escher software services Ltd and fully expect their global scale and industry recognised brand to provide an excellent platform to extend the products capabilities and drive growth in its contract base. This sale forms part of our strategy to sharpen our focus on the workforce management solution market place allowing us to build on the recent 40% year on year growth of the SmartTask product and increase our customer bases in the soft services workforce management sectors. I’d like to thank Nicola and the team at Moorcrofts for their invaluable support in bringing the deal to completion.”
Nicola Bennett, Moorcrofts Corporate Partner, commented: “Moorcrofts has worked with Skillweb previously and we are very pleased to have acted for them and built on that relationship further in connection with the sale of the Houndit business to Escher Software Solutions UK Limited. We wish Skillweb, and the continued success of its Smarttask business, the best of luck in the future.”
Freeths LLP acted for Escher Software Solutions UK Limited.
If you are considering selling your company or business, please feel free to contact Nicola Bennett or Teri Hunter on: 01628 470000 or by email to: nicola.bennett@moorcrofts.com or teri.hunter@moorcrofts.com.
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