The management team is being led by executive chairman Kevin Finn, managing director Peter Toland and technical director Ian Jones.

In 2009, Foresight and Octopus Investments invested in the Oxfordshire-headquartered company and turnover has grown from £6.2 million in 2009 to £14.5 million in 2011. Foresight will now realise part of its investment while Octopus will exit in full.

Autologic makes diagnostic equipment for independent workshops to service cars. The business also has offices in New York and Hong Kong.

According to a statement the new investment by ISIS will support further international expansion and allow the company to further develop its brands, products and translation options.

Toland comments, ‘We see in ISIS a strong, knowledgeable partner who will work with the management team to continue to drive the growth of the business while retaining focus on developing market leading products and providing unrivalled customer support.’

ISIS invests in growing small and medium sized businesses (SMEs) in the UK and works across a wide range of sectors.

In December the firm exited its investment in online cycle retailer Wiggle though a £180 million deal with Bridgepoint.

ISIS director Daniel Smith adds, ‘Autologic already delivers a world-class product and service to 50 countries around the globe.

‘We are delighted to have the opportunity to invest in and work with the Autologic team to propel the business even further and faster in the years to come.’