Chairman Boyle to step down after buyout
High-profile entrepreneur John Boyle is to step down as chairman of Altia-abm, the Scottish software specialist that he has invested in, following a private equity-backed buyout.
The firm, which has operations in Glasgow and Nottingham, develops specialist investigation software for government departments and law enforcement agencies in the UK, Canada and Australia. It has built up a customer base in 17 countries.
Private equity outfit North Edge has backed the primary management buyout of the business, led by Altia-abm chief executive Rob Sinclair.
Boyle, who will step down as chairman, invested in the business in 2003 with founders Ian Watson and Rodney Orr.
Northedge investment director Kevin O’loughlin will join the Altia-abm board at completion, with Simon Hook joining as chairman and Matt Duckhouse as non-executive director.
Boy le said :“We have built the company into an international leader, respected by police forces, governments and tax authorities around the world.
"It is a Scottish success story in a very challenging business climate and we firmly believe the group will go from strength to strength as a result of this tremendous investment by Northedge.”
Sinclair, who joined the company in 2017, said: “We’re an ambitious business and we’re proud of our success so far. Our proposition is continuously expanding to meet the ever-changing digital landscape and having an investment partner like North edge ensures we can build on that even further.”