Private equity firm Synova Capital has backed the management buyout of Syslink, which provides Application Performance Monitoring software.
Syslink was founded in 2000 in Switzerland and is now headquartered in London. Its customers are predominantly blue-chip corporates such as IBM, Fujitsu, BMW and Deloitte.
The company’s core software, Xandria, automates daily monitoring and management processes and supplies critical analytics to corporates and intermediaries which use SAP – systems, applications and products - technology.
This helps customers reduce costs, decrease system down time, forecast upgrades and automate reporting requirements.
The Application Performance Monitoring (APM) market is currently growing at more than 10% a year as IT infrastructure becomes more complex and critical to the daily operations of businesses.
Alex Bowden, a Partner of Synova and a Director of Syslink, said: “We are delighted to be partnering with the management team of Syslink. Businesses are ever more reliant on increasingly complex IT infrastructure and Xandria makes their systems more reliable and efficient. With a market-leading product Syslink is well-placed to take advantage of exciting opportunities over the years ahead.”
Harrie van Duijnhoven, CEO of Syslink, added: “We are extremely excited for the next phase of growth at Syslink. We chose to partner with Synova due to their track record of investing in the technology sector and their experience helping software companies to build the capabilities required to scale rapidly and expand into international markets.”