WTA Partners is pleased to announce the acquisition of leading property and asset management software (SaaS) business The Technology Forge by returning client, Civica UK Limited.
Established in 1998 The Technology Forge’s highly configurable property and asset management software supports strategic asset management including estates management, facilities management and health & safety compliance. A trusted partner for local authorities across the UK, as well as a range of other public bodies, from the NHS to housing associations to blue light, The Technology Forge has enjoyed over two decades of successful growth and strong recurring revenues.
Civica’s strategic approach has been to acquire complementary and targeted acquisitions as a core part of the business’s global growth strategy. With the completion of this acquisition the Technology Forge’s software solutions will now be offered to public bodies at local and national level, both in the UK and around the world.
Civica CEO, Wayne Story commented:
“With leaner budgets, ever tighter regulation and the climate crisis, managing buildings in a compliant, cost-efficient and sustainable manner is a growing challenge for public bodies, especially for those with large property portfolios.”
“Trusted by local authorities across the UK, as well as the wider public sector, The Technology Forge’s property and asset management solution adds an important new capability to Civica’s broad software offering. With these new capabilities, we are strongly positioned to deliver even better outcomes for our customers right across the public sector.”
The Technology Forge founder, Mark Wardman added:
“As a team, we’re immensely proud of the positive difference our software has made for our customers across the UK for the past 24 years.”
“Today, we embark on a new chapter. The Civica Group has earned its place as a trusted leader in software for public services. With the new capabilities afforded by our property and asset management solution, Civica will be better able to help councils and other public sector organisations deal with the challenges they face today – and prepare for those of tomorrow.”
Alan Butterworth, partner at WTA noted:
“Working in true partnership with Civica, we have been highly successful in assisting their team find great software companies to be a strategic part of the Civica Group going forward. Our work has taken us across the full breadth of the public sector including local authorities, health & social care, education and transport & logistics domains. This is one of the core specialist market areas in which WTA Partners operates.”
For more insight on all WTA transactions with Civica, a case study can be read here