Sapphire systems Ian Caswell

Sapphire Systems secures investment from Horizon Capital

Leading business software provider secures significant investment from Horizon Capital.

London — 6th January 2020 — Sapphire Systems, a provider of world class enterprise software applications and services today announced a significant investment agreement with Horizon Capital. The deal will see Horizon Capital invest in the business software and services provider, supporting its growth trajectory in the coming years. The deal represents an important milestone for Sapphire as the company looks to build upon its exceptional trading performance since its inception, and embarks upon a strategy to accelerate further growth both locally in the United Kingdom and internationally.

“Since founding Sapphire, we have built a strong and scalable business that we believe can be further enhanced through continued organic initiatives and high quality acquisitions,” comments Ian Caswell, CEO, Sapphire Systems. “Horizon’s proven track record in successfully backing technology companies makes them a natural choice as an investment partner for us. I am very excited that with Horizon’s backing and the team’s substantial experience we are well positioned to realise huge growth potential in the coming years.”

“Having followed the enterprise software market with keen interest for several years, we are delighted to be backing Sapphire Systems,” comments Luke Kingston, partner at Horizon Capital. “As a leading global provider of Enterprise Resource Planning and Financial Management Software solutions we are excited by the prospect of working closely with the Sapphire team to develop and grow the business organically and through complementary acquisitions in what is a highly fragmented sector.”

Horizon has a strong background investing in technology and business services companies and this agreement will see Sapphire join a number of technology innovators that already exist within Horizon’s portfolio.

As part of the transaction, Horizon partner Luke Kingston and director Tom Maizels will join Sapphire’s board with immediate effect.

To support its expansion and investor strategy, Sapphire Systems has been provided growth and quality of earnings support by Acresis, the founder focused advisory company.

Ends

Sapphire Contact

Richard Hudson, Marketing Director
T: +44 (0)330 128 1000
E: [email protected]

Horizon Contact

Luke Kingston, Partner
T: +44 7980 223 458
E: [email protected]

Advisors to Sapphire

Corporate Finance – Results International
Legal – Taylor Vinters LLP
Tax – Parisi Tax
Company growth – Acresis

About Sapphire

Sapphire Systems is a leading global provider of enterprise software applications and services delivering organisations with cloud-based industry specific solutions. With over 1,000 customers’ worldwide, Sapphire partners with market leading software authors, develops unique customisations, and offers unrivalled customer service and support. Headquartered in London with offices across the United Kingdom, United States, Latin America and Asia, Sapphire offers 24-hour support and has extensive knowledge and experience in helping clients to achieve a measurable return on investment.

For more information, visit www.sapphiresystems.com.

About Horizon Capital

Horizon Capital is a buyout and growth capital investor providing equity capital to high growth technology and business service companies. We focus on partnering with talented management teams and supporting them to accelerate growth organically and through acquisition to build outstanding businesses. Horizon is an investor in Sabio a high growth provider of digital customer engagement technology, Bellrock, a specialist in facilities management and property services, and Wireless Innovation, a Machine-to-Machine and Internet of Things connectivity specialist.

To read more about Horizon’s full portfolio of investments, visit: www.horizonpe.co.uk.

Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.