Forward notch up support on three acquisitions for Sapphire

Forward is delighted to have notched up support on three acquisitions for Horizon Capital portfolio company, Sapphire Systems, namely ITOM, InCloud and most recently Opalwave.

Sapphire Systems is a leading provider of enterprise software applications and digital operating technology. These three acquisitions continue the journey to deliver on the company’s vision to become the leader in the provision of digital operating platforms which reduce complexity, underpin transformation, and drive optimum performance.

ITOM Solution is a fast-growth and innovative provider of IT Operations Management, AiOps, Application Performance Management, and IoT cloud services. The company is a leading partner of ServiceNow, Cisco AppDynamics and Dynatrace, working with enterprise and high-dependency digital businesses to turn digital operations into a business advantage.

InCloud Solutions is a hugely successful and well-respected SAP Business ByDesign partner and carries an impressive portfolio of SAP aligned products from which Sapphire will be able to further strengthen its Business ByDesign capabilities and benefit from a team of highly skilled employees.

Opal Wave is the UK’s leading specialist in SAP Enterprise Performance Management (EPM) and provides software, lifecycle services, managed and cloud hosting services to enterprise customers across a wide range of industries and international geographies.

Commenting on the transactions Martin Royle, M&A Director, Sapphire Systems said: “On all three of our deals, Forward have provided us with support early on our processes enabling us to very quickly pull together the available information, make early assessments for our investment process, and guide our thoughts on the transaction and subsequent due diligence processes.”

Forward Corporate Finance Director, Sarah Moores, commented, “It was a pleasure to work with the M&A team at Sapphire and provide extra support in those crucial early phases of assessment and data gathering.”

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