BGF has invested in Juriba, an industry-leading IT migration software provider, to accelerate product development and drive international scale.
Started in 2008 by co-founders Julia Bell and Barry Angell, and now led by Bell, Angell and Iain Fraser (Chief Sales Officer), Juriba is a fast-growth technology business that specialises in digital transformation software, providing innovative solutions for medium-sized to large corporates and multinational organisations.
Juriba is the creator of Dashworks, a project ‘command and control’ platform for enterprises, which helps organisations manage end-user IT transformation and Evergreen IT projects with greater accuracy and speed, at a reduced cost.
With operations in both the UK and USA, Juriba is a global business that will use this new investment to support growth, make strategic acquisitions and further develop the capabilities of the Dashworks product in order to increase its market share, both in EMEA, the USA and the rest of the world.
As part of the investment, Juriba has appointed Stella Donoghue, former MD of Phlexglobal, as non-executive Chair.
BGF has a strong track record of investing in the IT and software sector, recently announcing investments into software developer and digital transformation specialist Amdaris, Irish cybersecurity business, Edgescan, and digital delivery technology company, AND Digital, all within the first half of 2020.
Iain Fraser, Chief Sales Officer of Juriba, said: “We are pleased to announce our new partnership with BGF to fuel further growth and international expansion. This is an exciting time for Juriba as we make further inroads into the US market and we are looking forward to working with the team at BGF in achieving the ambitions of the business and in continuing to scale.
“BGF’s patient approach and strong record in supporting businesses in the IT and Software sector makes them a perfect partner for Juriba as the business moves forwards.”
Rahul Satsangi, Investor at BGF said: “We are delighted to have completed this investment and to welcome Juriba into the BGF portfolio. More than ever, the UK is looking to innovation in the IT space to support with innovative enterprise solutions and to deliver an accelerated pace of digital transformation across the economy, and Juriba is at the forefront of this opportunity.
This is an exciting time for the business as it looks to potential acquisitions and the US to fuel further growth. Juriba has a dedicated leadership team with a strong performance history and we are delighted to be supporting the business in its next stage.”
The investment was led by BGF’s Rahul Satsangi, Chris Jones and Chris Morgan.
For BGF, the advisers to the transaction were: Stephenson Harwood LLP (Legal), Claritas (Tax) & WY Partners (Financial)
For Juriba, the advisers to the transaction were: Harrison Clark Rickerbys Limited (Legal), Winslows Tax Law (Tax) & ICON Corporate Finance (Financial Advisers)