Lyceum Capital-backed Access Group, a business software provider, has acquired French-based business intelligence specialist Prelytis for EUR4m.
The acquisition, which marks the first of a series of moves by Access into the software as a service (SaaS) marketplace, is the company’s sixth bolt-on since Lyceum Capital backed a GBP50m buyout of the group in March last year to support its long-term growth strategy. In July, it acquired Delta Software in a GBP5.4m deal
The transaction brings the number of deals completed by Lyceum Capital since the beginning of 2011 to 21, comprising 17 add-on acquisitions for portfolio companies and four new platform investments.
Prelytis’ LiveDashBoard, which already has 100,000 daily users at 300 customers, will offer Access customers a new dimension for viewing their management information.
Chris Bayne, Access chief executive, says: “Our users will benefit hugely from being able to see their real-time business information anytime, anywhere and on whatever platform they choose. Easy to use analytics put power into the user’s own hands and provide strong data access and integration capabilities.
“Valuable real time information is the backbone of all business decisions, and while Access has always provided dashboards with our solutions, Prelytis LiveDashBoard takes our business information to the next level.”
Alexandre Schneider, chief executive at Prelytis, adds: “By joining forces with Access we bring the LiveDashBoard opportunity to the thousands of customers that Access already serves, and introduce Access’ business management software to our existing user base. Access and Prelytis are a fabulous fit in terms of innovation, technology and people. It’s an exciting time for both companies.”
Jeremy Hand, founding partner of Lyceum Capital, which acquired Access in March 2011, says: “Prelytis is a compelling strategic fit for Access. As the pace of business has accelerated, real time delivery of key information is crucial. A product which delivers the information you need to manage a business wherever you are, however you want it and in real time has excellent growth potential.”