MML exits data services firm Altius

Private equity firm MML Capital Partners has exited its investment in Altius, a data and AI solutions provider. The business has been acquired by Avanade, a digital services provider.

Altius specialises in helping companies harness their data and use it to drive improved business performance. It is headquartered in London with offices in The Netherlands and India and employs over 300 Microsoft specialists.

Simon Goldsmith, CEO at Altius, said: “We were impressed with MML’s flexibility and collaborative approach from day one and they proved absolutely the right investment partner for us.  We have enjoyed and appreciated the support and belief shown by them as we completed this stage of our journey.”

Luke Jones, Partner at MML, added: “During our period of investment Altius delivered excellent growth and won a number of significant new clients.  The business is driven by an outstanding management team who we have no doubt will continue to thrive within Avanade. We wish them the best of luck.”