UK business management consultant company Resulting IT has been snapped up in a multimillion buyout backed by YFM Equity Partners (YFM). YFM supported the £24m acquisition of Resulting IT via a £9.3m investment that will enable the business to pursue growth across the UK and break into new sectors.
The Warrington-based firm was founded in 2004 and has grown to become an independent business-side ERP consultancy. It has a strong heritage in ERP platform SAP but is technology agnostic, as shown by its work with other packages such as Oracle, Workday, IFS and MS Dynamics.
Resulting IT’s clients include Transport for London, Asda, Leeds University and NHS 24. It aims to provide customers with advisory services, helping them to define their ERP strategies, produce technology roadmaps and choose delivery partners.
“Securing a partner like YFM validates the strong positioning we’ve established as the UK’s leading independent ERP consultancy,” said Stuart Browne, Resulting IT managing director. “YFM’s investment will enable us to accelerate our growth and extend our services to help even more companies, across a wider range of sectors, without sacrificing quality of delivery.”
“We’ve had plenty of interest in the business due to our unique positioning in a crowded market, but we felt that private equity offered us the flexibility to continue to build out a real challenger consulting offering.”
Mike Clarke, partner at YFM who led the funding, added: “Resulting IT is a fiercely independent and high growth technology consultancy built by expert founders, with customer service at its heart.”
“From our first meeting with the team, the chemistry and the importance of a people-centric culture, shared between our two organizations was clear. Resulting IT has repeatedly shown an ability to listen and really understand their clients’ needs, which drives the efficiency and effectiveness of any ERP system.”
