ISIS Equity Partners has sold marketing software developer Occam DM to St Ives, a printing group quoted on the London Stock Exchange.
ISIS Equity Partners has sold marketing software developer Occam DM to St Ives, a printing group quoted on the London Stock Exchange.
Patrick Martell, CEO of St Ives, comments, ‘Occam is an excellent fit with our existing businesses; by combining data services with St Ives print, digital print, direct mail, email and SMS services we will offer a compelling proposition to our customers.’
The £12 million deal is the fifth exit for ISIS since October 2009 and generated a ‘healthy’ return, according to the firm. Its original investment of £4.1 million in 2004 was part of a £12 million management buy-out of Occam.
ISIS’ five most recent exits have realized £101 million, at an average multiple of 3.2 times the original investment.
Established in 1993, Occam supplies software to help manage marketing databases. Its clients include the Ministry of Defence and GlaxoSmithKline. The Somerset-based company employs around 100 staff and has an annual turnover in excess of £9 million.
St. Ives is a group of marketing and print companies that has 3,000 staff and sales of more than £400 million.
