YFM Equity Partners (YFM) has backed the buy-out of Cheshire technology company, Resulting IT, via a £9.3m investment that will enable the business to pursue further growth across the UK and break into new sectors.
In the past two decades, Resulting has carved out a strong position in the market as a leading independent provider of Enterprise Resource Planning (ERP) expertise. It has a strong heritage in leading ERP platform SAP, although it is ‘technology agnostic’ and also works with other packages such as Oracle, Workday, IFS and MS Dynamics.
The ERP market has seen rapid growth in recent years, fuelled by demand for modernization of core ERP platforms, including the need for SAP customers to migrate to their flagship S/4 HANA solution, and a shift from traditional to cloud-based platforms.
As a business-side ERP consultancy, Resulting IT provides clients with advisory services – helping them to define their ERP strategies, produce technology roadmaps and select delivery partners. It also provides project management support – through its highly-experienced programme managers, who are skilled at steering large, complex projects.
Its roster of high-profile clients includes Transport for London, Asda, Leeds University and NHS 24, and it has developed a range of proprietary software tools and products to enhance service delivery.
Stuart Browne, Resulting IT managing director, said: “Securing a partner like YFM validates the strong positioning we’ve established as the UK’s leading independent ERP consultancy. 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 organisations 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.”
