Forward support Agilico on acquisition of INVU

Forward is delighted to continue its relationship with Horizon Capital backed Agilico, supporting the management team on the acquisition of INVU, making it the ninth acquisition since Horizon invested in the business in 2018.

Founded in 1997, INVU’s product suite spans invoice processing, document management, workflow, purchase order automation and collaboration software. This exciting acquisition complements Agilico’s proven expertise in document management and adds valuable and important capabilities to its portfolio. INVU also represents a highly-extensible digital foundation through which the company can build and integrate new solutions.

This investment represents a significant step in Agilico’s mission to build a comprehensive and compelling set of workplace technologies. INVU adds 300 valued customers to the group and further deepens its expertise in delivering and developing software solutions.

Forward provided financial support to Agilico on the transaction, collating financial data, assessing historical performance and KPIs, and building a fully integrated financial model to feed into the due diligence process.

Commenting on the transaction Phil Jan, Agilico CFO said: “On our ninth acquisition, Forward continue to be a key part of our transaction team, working closely with the owners of the businesses we are acquiring to pull together all the financial information we need to make our early assessments, and to prepare for due diligence.”

Forward Corporate Finance Director, Sarah Moores, commented, “It was a pleasure to work with the Agilico team again on this acquisition. Through quality acquisitions they continue to broaden and deepen the services and solutions they can offer to their client base.”