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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
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
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.
WTA Partners LLP