Brachers’ Corporate team advises on the sale of SaaS developer Element3 to Vision PLC

Brachers LLP

Deal type: Disposal (Shares)
Industry Sector: Software
Completion date: 08 August 2023
Adviser(s): Brachers

Brachers’ Corporate team advises on the sale of SaaS developer Element3 to Vision PLC

Brachers’ Corporate Team has advised the shareholders of Element3 on its strategic acquisition by Vision PLC, a national provider of managed print and document services.

Element3 is a leading document management software company based in the United Kingdom. It is the developer of FileHound, a cutting-edge cloud-based document management and automation platform that enables businesses to streamline their document-intensive processes, enhance collaboration, and improve productivity.

The Element3 and FileHound software finds a perfect home among Vision Plc’s suite of products and services and significantly enhances Vision Plc’s business process automation capabilities.

Corporate Partner Matthew Simmonds led the deal for Brachers LLP, alongside Cameron Gaston-Penny (Corporate) and Joseph Burrows (Corporate).

Zana Gradus, Managing Director of Element3, said: “I am delighted that we have found the right home for the team and our software for its next phase of development. Congratulations to the teams on Element3 and Vision on what I am sure will be a deal that will enable both sides to flourish. A massive thank you to the Brachers’ team for making this such a smooth transaction from our end. Cameron and Joseph were a credit to Matt and Brachers and I have enjoyed working with them. It is clear that they are passionate about what they do and want to get it right for their client. I look forward to working with them again in the future.”

Matthew Simmonds added: “I am so pleased to have been able to work with Zana and her team again. We worked with them at the start when the Element3 / FileHound Platform was an idea. It’s a huge achievement for all of the team to achieve a successful sale to Vision Plc who will oversee the next stage of the development of the FileHound Platform. Congratulations to Zana and the teams at Element3 and Vision Plc on the successful Completion. I am really pleased for you all.