DTE advises on acquisition for Innov8 Technology

DTE Corporate Finance successfully advised Innov8 Technology Limited on the purchase of Wharncliffe Business Systems Limited, a leading Sage Business Partner and technology provider. This purchase was a strategic decision to further enhance Innov8’s offering and market share across the North of England.

Innov8 is a Stockport-based leading provider of software and IT Infrastructure for businesses throughout the UK. The acquisition expands Innov8's existing offering with Sage as well as allowing the business to further enhance its sector specific offering with Wharncliffe’s Realitex add-on - a key tool in the Carpet/Flooring sector.

Carl Maher, managing director of Innov8 commented on the acquisition, “This is the latest fantastic addition to the Innov8 Group that not only increases our presence in the Sage and Cloud spaces, but adds another important vertical solution to our already exciting InnRange portfolio. I couldn’t expand the Group at the same pace without being in the safe hands of the DTE Corporate Finance Team. They leave me to focus on what we are good at, whilst they handle the rest.”

Lewis Pearson, corporate finance manager who advised on the acquisition, said: “We have advised Carl for a number of years over different transactions. We are delighted to have again secured a real strategic bolt on business that will help Innov8 develop into one of the UK’s leading Sage and associated technology providers. With more targets in the pipeline, we remain excited for the future prosperity on Innov8.”

Matt Beckley, partner and head of DTE Corporate Finance also commented, “This transaction highlights great work from our Technology team assisting Carl in his growth plan.”