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ICON advises global digital transformation software provider Juriba in growth investment from BGF

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Deal Release:

This is an exciting time for Juriba as we make further inroads into the US market and we are looking forward to working with the team at BGF in achieving the ambitions of the business and in continuing to scale. BGF’s patient approach and strong record in supporting businesses in the IT and Software sector makes them a perfect partner for Juriba as the business moves forwards.

Iain Fraser, Chief Sales Officer, Juriba

Juriba CEOs

02 Jul 2020

Tech investment bank ICON Corporate Finance secures investment for Juriba, an industry-leading IT migration management software provider, from BGF, one of Europe’s most active investors in tech growth businesses.

Started in 2008 and led by Barry Angell, Julia Bell and Iain Fraser, Juriba is a fast-growth technology business that specialises in digital transformation software, providing innovative solutions for medium-sized to large corporations and multinational organisations. Its Tier 1 global client base includes top financial institutions, pharma and healthcare companies.

Juriba is the creator of Dashworks, a software platform for enterprises, which helps organisations manage end-user IT transformation and Evergreen IT projects with greater accuracy and speed, at a reduced cost. With operations in both Europe and the US, Juriba is a global business that will use this new investment to support growth, make strategic acquisitions and further develop the capabilities of the Dashworks product to increase its market share, both in EMEA, the US and the rest of the world.

As part of the investment, Juriba has appointed Stella Donoghue, former MD of Phlexglobal, as non-executive Chair.

BGF has a strong track record of investing in the IT and software sector. BGF was set up in 2011 and has invested more than £2.2bn in over 330 companies, making it the most active investor in the UK.

Iain Fraser, Chief Sales Officer of Juriba, said: “We are pleased to announce our new partnership with BGF to fuel further growth and international expansion. This is an exciting time for Juriba as we make further inroads into the US market and we are looking forward to working with the team at BGF in achieving the ambitions of the business and in continuing to scale. BGF’s patient approach and strong record in supporting businesses in the IT and Software sector makes them a perfect partner for Juriba as the business moves forwards.”

Florian Depner, Director at ICON Corporate Finance, commented: “We are delighted to have supported Barry, Julia and Iain on this transaction. The Juriba team have created a market-leading software platform that fulfils a mission-critical function in managing enterprise IT infrastructure. It was no surprise that the business received considerable attention and was attractive to a wide range of international investors. It has been a pleasure to work with the team, and we look forward to their continued success.”

Rahul Satsangi, Investor at BGF said: “We are delighted to have completed this investment and to welcome Juriba into the BGF portfolio. More than ever, the UK is looking to innovation in the IT space to support with innovative enterprise solutions and to deliver an accelerated pace of digital transformation across the economy. Juriba is at the forefront of this opportunity. This is an exciting time for the business as it looks to potential acquisitions and the US to fuel further growth. Juriba has a dedicated leadership team with a strong performance history. We are delighted to be supporting the business in its next stage. We are also pleased that Stella Donoghue has joined the Juriba Board as the NXC to support the business to achieve its growth ambitions.”

This transaction highlights ICON’s global enterprise software expertise following recently completed deals of Paragon’s sale to US based Aptean and Beyonic’s acquisition by MFS Africa. It further proves ICON’s role as a leading adviser to outstanding technology growth businesses and adds to our track record of over 250 successfully closed transactions.

The Deal: