London, UK – 30 September 2016 – Astuta helps ensure smooth acquisition of leading company in web based software solutions.
Astuta, a provider of innovative digital transformation solutions aligned to particular markets, such as Fintech and Healthcare has assisted Concerto with the acquisition of their business by leading Facilities Management specialist, Bellrock.
Concerto is a leading provider in Facility, Asset and Project Management software solutions. Over the past twelve years, the company has built up an enviable reputation for quality software applications and outstanding service reliability.
Specialising in providing its public and private sector customers with robust and configurable solutions, the company’s software will now be the platform for the next evolution in Bellrock’s technology driven offering.
The acquisition by Bellrock was made possible by the close partnership between Astuta and Concerto. Based on an agreed profile and using their network and domain knowledge, Astuta found a suitable buyer within a very short time period.
With the Facilities Management industry under increasing pressure to innovate to reduce costs and improve efficiency of the services they provide to customers, Bellrock is strengthening their existing technology-driven solutions for its customers and prospects; the Concerto acquisition will add valuable asset and project management functionality.
Kevan Davey, Managing Director of Concerto, emphasised how supportive Astuta had been throughout the years the two companies had worked together as well as being instrumental in helping Concerto identify a suitable buyer. He stated: “I really value the relationship with Astuta. In particular the way we were able to share and generate ideas with them until we identified an agreeable solution worked really well.” He added: “We feel the acquisition went incredibly smoothly. They worked with us side by side throughout as advisers and helped us with all aspects of the process and the commercial negotiations with Bellrock too.”
Howard Sears, Astuta’s Chairman, stated: “Concerto’s powerful, easy to integrate software is adaptable across all types of businesses and enables fast, efficient digital transformation. We are absolutely delighted to have assisted in their acquisition by Bellrock.”
Notes to Editors
Astuta (Astuta) invests in and helps grow the next-generation enterprise technologies that are helping businesses fulfil the promise offered by digital transformation.