Software group Access Intelligence has acquired Oxfordshire-based company Cobent for up to £5.2 million. 

Software group Access Intelligence has acquired Oxfordshire-based company Cobent for up to £5.2 million.

Cobent was founded in 2003 by entrepreneur Howard Sears and provides training and compliance software for highly regulated industries such as life sciences, financial services and manufacturing. As part of the deal, CEO Sears and COO Anthony Dillon will remain with the business.

Michael Jackson, executive chairman of Access Intelligence, says:
‘Cobent has good synergies with our existing businesses and we look forward to leveraging the significant expertise of the team in other group companies.’

In the year ending November 2009, Access Intelligence reported turnover of £6 million and pre-tax profits of £566,000.