A bright and busy summer for WTA Partners

The summer of 2022 will be remembered as one of the hottest ever, with parts of Europe and North America seeing record breaking temperatures and enduring heat. At WTA Partners this period has been exhilarating: with deals completed for four clients; the new North American operation flourishing and the transaction team continuing to expand to better serve customers and prospects.

No summer slowdown

Whilst the mercury has been rising, WTA have been winning and executing mandates including advising software (SaaS) and consulting businesses in our core specialist areas healthcare, cyber security and managed cloud services. In parallel WTA continues to work with six already existing clients.

In late June, Civica acquired Point Progress, a Cheshire-based provider of expenses management software, deepening their expertise in the Human Capital Management (HCM) systems sector. Then in mid-August WTA client Graffica, a provider of simulation products, software systems and services for the rail and air sector, was acquired by Sopra Steria UK, the British division of the leading European, consulting, digital services and software development firm.

The WTA bridge

For WTA the highpoint of 2021 was establishing an operation in North America, WTA Partners Inc (“Inc”) led by technology industry veteran, Nick Nardi.

Since then the first transatlantic deal has taken place with the sale of WTA client Sourcevolution, a Montreal based firm specialised in digital transformation for the financial sector, to the Euronext listed multinational, Alan Allman Associates. This was quickly followed by a second transatlantic transaction, the acquisition of Momentum Healthware, a Canadian Health Tech provider, by Civica. This was WTA’s first overseas acquisition for Civica and has demonstrated how greater reach can benefit clients on both sides of the Atlantic.

At the core of WTA Partner’s Inc’s operations is a desire to complement the scale of the North American market, home to nearly 75% of the world’s largest tech firms, with WTA’s deep industry expertise. This ‘WTA Bridge’ across the North Atlantic allows potential buyers and sellers in the US, Canada and UK to enter markets that might have been seen as too challenging, or perilous without expert guidance. With particular proficiency in the public and public safety sectors, WTA is keen to nurture this bridge to support two-way traffic between the Western Hemisphere’s larger economies and technology sectors.

Growing team growing capabilities

 In the last year, the size of the team has nearly doubled, including two highly qualified industry sector experts. A core requirement for WTA’s M&A practitioners.

First to join was Tim Quainton, with over 35 years of Healthtech experience. Tim will be bringing his expertise to WTA so that they might be more attuned to this rapidly growing and evolving sector. One which has become only more significant since the COVID-19 epidemic.

Then in July of this year Nick Sonigra, a technology entrepreneur who founded and exited Flow Communications and serves multiple firms as a NED, joined as principal. He brings with him a wealth of understanding of the Cloud Services sector, a specialism that WTA has been growing over a number of years.

With so much happening and so much to tell WTA have just appointed Adam Jenner, their first dedicated Communications Manager, to meet growing external communications needs and reach a broader collection of clients and counterparties.

The team look forward to sharing more with you about these exiting times in the company’s journey and growth. To keep up to date on all things WTA, you can also follow us on LinkedIn.

Warmest regards,
WTA Partners LLP