Private equity firm Silverfleet Capital has sold Phase One, a technology business specialising in high-end digital imaging software and equipment.
The business is made up of two divisions; Software Imaging Systems (SIS), which provides raw image processing software to photographers and enterprises under the Capture One brand; and Image Capture Solutions (ICS), which supplies ultra-high-end, medium format camera systems for industrial applications such as aerial mapping and inspection, as well as for photographers and cultural heritage institutions.
The business is headquartered in Copenhagen, Denmark, with operations in Germany, Hong Kong, Israel, Japan and the US.
Silverfleet acquired a majority stake in Phase One in 2014 and since then has supported the business to undergo a significant transformation from a hardware to software-centric business focus.
Over the last five years, Phase One has also made two add-on acquisitions and invested significantly in R&D.
Rob Knight, Principal at Silverfleet and Board member, said: “It has been a pleasure to partner with the management team during this period of significant transformation and to support Capture One to become the industry leader in imaging software.”
Henrik Håkonsson, Chief Executive of Phase One, added: “Silverfleet’s strategic guidance and financial support over the past five years has been instrumental in enabling us to fulfil our potential by pushing the technology boundaries and innovating intelligently in response to our customers’ needs in both our SIS and ICS divisions.”