Private equity firm Treun Capital has made its debut investment into high performance computing business Amulet Hotkey.
The deal allows the management to buy out the majority retiring shareholder and provides additional growth capital.
Amulet Hotkey creates centralised computing and remote desktop solutions that include physical and virtual workstations, high-performance computing systems and virtual and cloud desktops.
It partners with manufacturers of data centre, cloud and virtualisation technologies including Dell, Teradici, Nvidia and Intel to create IT solutions for its customers, which include large enterprises and governments.
Its solutions are used in a wide range of situations including emergency call centres, investment banks, oil and gas, digital content creation, and postproduction studios around the world.
The business is headquartered in the UK and is forecast to achieve revenues of around £25 million deliver in its current financial year.
Stewart Holness will join the business as Executive Chair and work with the existing management team to grow the business.
Holness says: “Amulet has exceptional capabilities that solve the problems faced by global institutions requiring high performance, gold plated system reliability, flexibility and security. It’s a hidden gem with a world class engineering team who have developed a suite of industry leading technology blocks and products addressing a large and fast-growing space. I am delighted to join and invest alongside Treun Capital and look forward to helping steer Amulet to take advantage of its many global opportunities.”
Treun Capital was set up by private equity veterans Paul Canning and Alex White to help high potential businesses grow value faster and with more certainty.