Friday, June 5, 2020

Catapult Ventures sells portfolio business to U.S firm

Leicestershire-based Catapult Ventures has sold its portfolio business Silver Lining Solutions, a provider of employee performance optimisation software, to U.S firm Genesys®.

Silver Lining Solutions is a developer of employee optimisation solutions that help improve employee engagement and performance enterprise-wide, enabling organizations to sell more, serve customers better, increase operational effectiveness and reduce costs.

The company has offices in Asia Pacific and the United States and employs more than 20 people.

Paul Segre, chief executive officer of Genesys, said: “Silver Lining Solutions has been a valued Genesys OEM partner since 2009, so this acquisition is a logical step toward increasing our commitment to joint customers, while offering additional workforce optimisation capabilities to our installed base.

“These tools to assess and evaluate employee behaviors, skills, and capabilities are critical for understanding how overall workforce performance can be improved – and ultimately, how they can improve a company’s bottom line”.

Ed Wass, who led the transaction for Catapult Ventures, said: “We are delighted that the potential we saw in Silver Lining Solutions has been successfully realised. We have supported the business in its development and have seen it go from strength to strength in recent years. We are confident that the acquisition by Genesys will be beneficial to both businesses. We are very pleased with the return delivered to the investors in our Advantage Enterprise and Innovation Fund”.

The shareholders were advised by corporate finance advisers Silverpeak and solicitors Hogan Lovells International LLP.

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