Provider of software solutions to clinical laboratories
How we’re helping
CliniSys is a market leading provider of software solutions to clinical laboratories across Europe. It supports clinics throughout the complete workflow from order, clinical decision support, collection, processing, analysis, results and reporting, through integration into the clinical workflow.
People & culture:
- We introduced Ken Briddon (ex-Misys) as Chair at the time of the transaction, and further supported growth in the senior management team through the introduction of a new CFO.
- During our investment period, CliniSys fully integrated its European and UK business, and invested in building out its direct sales capabilities to increase its penetration across Europe. It also invested in partnerships to generate sales in new geographies such as the Middle East.
- Today, CliniSys Group solutions have been deployed in 10 languages in thousands of laboratories across 23 countries and are used by hundreds of thousands of healthcare professionals.
During our investment the business had grown its revenue from £20m at entry to over £30m, with over 70% recurring revenue at exit. By point of exit in June 2013 the business had trailing twelve-month profit growth of c.30% and had demonstrated three years of strong double-digit growth. We realised our investment to Montagu delivering a return of 2.5x and an IRR of 16%.