Sale of Hitec (Laboratories) Limited to TA Associates investee company Mitratech Holdings Inc.

has been acquired by Mitratech Holdings Inc Type: Business Sale

Hitec (Laboratories) Ltd, supplier of software solutions spanning Enterprise Content Management (ECM) and Governance, Risk & Compliance (GRC), has been acquired by Mitratech Holdings Inc.

Hitec, based in the Thames Valley, is a leading GRC and Information Governance software provider developing, implementing and supporting software solutions that assist their customers in addressing business and operational challenges.

Mitratech, headquartered in Texas, is the market-leading provider of legal, compliance, and operational risk solutions for more than 1200 corporations of all sizes across the globe, representing six of the Fortune 10, almost 40 percent of the Fortune 500, and over 500,000 users in over 150 countries.

Acuity worked with Hitec throughout the process, identifying Mitratech and helping to secure the sale which represents their 9th successful cross-border transaction in the last 18 months.

 

quote The Acuity team really understood our business sector and worked closely with us to complete the IM and build a list of relevant potential suitors. This was all done within a relatively short space of time to ensure momentum was maintained. They engaged with the appropriate senior executives within the potential buyers and promptly reached a shortlist to whom management presentations were made. They managed the final process with great professionalism, and helped us to complete a transaction that generated shareholder value, enhanced opportunities for our employees, and created a beachhead for Mitratech activities outside of North America. Acuity lived and breathed the transaction and their knowledge and experience was invaluable. quote
Jeremy Crame, Founder & CEO Hitec (Laboratories) Limited

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