East Midlands-based technology firm Barron McCann has acquired a majority stake in a specialist software company that counts Reiss, Crew Clothing and Mint Velvet among its clients.
The deal sees Barron McCann take control of Retail247 – a software business known for developing intelligent, cloud-based systems for retail and trade sectors.
Barron McCann is part of the wider Barron McCann group, which generates £50 million in combined revenue. The company currently supports over 21,000 customer sites nationwide, offering expertise in hardware procurement, Managed IT Services and Supply Chain Management software for clients including Papa Johns, Iceland, and Vue Cinemas.
Scott Watson, managing director of Barron McCann, said: “Retail247 is a natural fit for our wider service and solutions portfolio, and this acquisition represents a key step in our expansion strategy.
“We are continuing to enhance the overall value we deliver to our customers across the group as we continue with our mission to provide a unified approach to technology solutions.”
London-based Retail247 will continue to operate under its own brand, supported by Barron McCann’s Derby-based infrastructure and expertise.
Martin Schofield, founder & CEO of Retail247, said: “Retail247 was founded on the principle of delivering technology projects precisely when and where they’re needed – making technology a true enabler of growth.
“Joining forces with Barron McCann brings together two forward-thinking organisations with a shared commitment to innovation and customer success.
“By combining our strengths, we’re accelerating the delivery of intelligent, scalable solutions that help retailers adapt, evolve and thrive in a fast-paced, competitive landscape.”
Chief innovation officer, Craig Watson, who is responsible for Barron McCann’s mergers and acquisitions, said: “The addition of Retail247 further strengthens the software offering across our group and is the latest step in our exciting M&A strategy, enabling us to offer a broader and more diverse portfolio of services and solutions.”
