Comply365, which is backed by Liberty Hall Capital Partners, has merged with Bristol-based aviation company Vistair.
Bradley Stoke's Vistair provides compliance, safety and data intelligence technologies in the aviation, defence and rail industries. It's merger will create a global provider of these resources, with over 120 customers located in over 30 countries across six continents. No financial terms of the deal have been disclosed.
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International legal practice, which is head quartered in the South West, Osborne Clarke advised the shareholders of Vistair on the deal. In connection with the merger, Insight Partners, a global software investor, has joined Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defence industry and Comply365's current controlling shareholder, as an equal investor in the combined business.
The investment will provide the combined company with the capital to accelerate product differentiation and new product development into cutting-edge, mission-critical products supporting aviation, defence and rail technologies.
Comply365 is a leading provider of enterprise SaaS and mobile solutions for content management and document distribution in highly regulated industries, including aviation and rail.
Rob Morgan, current chief executive of Vistair, has been appointed chief executive of the combined company and Tom Samuel, current chief executive of Comply365, has been appointed vice chairman of the combined company’s board of directors and will lead the integration of the two businesses.
Rowan Taylor, Liberty Hall’s founding and managing partner said: “Rapidly accelerating digitalization within the aviation, defense and rail markets is driving demand for tailored, efficiency-centric software solutions and Comply365 and Vistair have emerged as true industry leaders.
“Liberty Hall is pleased to have played a supportive role in Comply365’s journey, and we look forward to continued success as Comply365 and Vistair come together to accelerate technology transformation and better serve their global customers.”
Mr Samuel added: “This merger results from a shared vision to enhance product and service capabilities, accelerate innovation and deliver unparalleled value to our customers in the aviation, defense and rail sectors. We have enjoyed our partnership with Liberty Hall over the last three years and look forward to their continued support as we build upon our successes and ensure our customers remain at the heart of everything we do.”
