The transaction will support the rapidly growing ERP business in its ambition to expand its client base both in the UK and internationally and further invest in developing its ProScope line and introducing it to global markets.
Cooper Software was founded in 2005 by CEO Frank Cooper and is a leading tech consultancy business that specialises in the provision of products and 24-hour round the clock services to ERP businesses. Cooper Software is made up of two key divisions, with one focused on the supply and integration of Industrial and Financial Systems (IFS) ERP systems and the other division, ProScope which has developed and launched its own cloud based SaaS solutions service.
The business has provided over 1,500 enterprise solutions to a global client base, which is made up of over 300 companies.
The business is considered one of the fastest growing tech businesses in recent years with it now employing more than 70 people and its projected turnover expecting to hit £6.7m this year.
The YFM investment team comprised Andy Thomas, Laura Sisson, Ian Waterfield along with Steve Harrison who will join the board of Cooper Software.
The Browne Jacobson team was led by senior associate, Ryan Brown and corporate partner Peter Allen (Picture), with support from associate, Bethany Pickup and trainee solicitor, Harpinder Nahl. Partner Ian Deakin advised on the employment aspects of the transaction and senior associate, Melanie Hilton advised on the banking aspects.
Law Firms: Browne Jacobson;
Clients: Cooper Frank;