DMH Stallard’s corporate team has advised the shareholders of C24 Technologies, a niche financial market software business, on the sale of C24 to Gresham Computing plc. The value of the deal is up to £4.55 million.
C24 specialises in standards-based financial messaging and integration solutions and boast a customer base that spans the UK, continental Europe, North America and Japan, with the majority of customers being blue-chip financial institutions.
Chris Simmons, Partner at DMH Stallard, said:
“This is a very exciting move for two companies that bring together market leading technologies. The synergies are clear and I’ve no doubt that this move will provide further impetus to the ambitious global growth plans of Gresham. We were delighted to advise the senior team at C24 on this defining next step in their corporate journey.”
Gresham is a leading software and services company providing real-time transaction control and enterprise data integrity solutions.
Wayne Meikle, Co-Founder of C24 Technologies, said:
“In Gresham the founders of C24 all felt we found a committed and experienced partner to support our global customers and realize our future C24 Data Platform vision. Gresham’s Clareti platform is regarded as industry leading, and our technology and expertise will further strengthen its position and opportunity in the market.”
DMH Stallard worked closely on the acquisition with the corporate finance team at Moore Stephens.
Mark Lamb, Lead Advisory Partner at Moore Stephens commented:
“C24 has rapidly grown over the last 5 years with proven technology to ingest, visualise and transform financial messaging data. We are delighted to have been involved in this transaction and to assist the senior management team at C24 in their successful sale to Gresham. We wish all involved a successful and profitable future.”
DMH Stallard employs 300 people, including more than 60 partners, across offices in Gatwick, Guildford, Brighton and London.