OCCUPATIONAL HEALTH SOFTWARE FIRM SOLD TO INVESTMENT TEAM - KBS Corporate

OCCUPATIONAL HEALTH SOFTWARE FIRM SOLD TO INVESTMENT TEAM

A Tyne and Wear-based company which is a specialist in business and domestic software development has been sold in a deal overseen by KBS Corporate.

C.H.I. UK Ltd has been sold in a deal overseen by Will Griffiths, KBS Corporate Transaction Adviser.

Incorporated in 2005, the Tyne and Wear-based company is a specialist in business and domestic software development.

It operates OrchidLive, a secure online system for storing occupational health records via a state-of-the-art web application.

Offering 24/7 access to occupational health data, C.H.I. UK comprises a passionate team of developers with almost 100 years of combined experience in their field.

The software is trusted by some of the largest private and public sector organisations in the UK to power their occupational health teams, taking care of nearly one million employee records.

The company has been acquired by an investment team headed by Oliver Bridge, who has joined as Managing Director of OrchidLive.

Will Griffiths said of the deal: “There was significant interest in the opportunity from both private equity and trade buyers, due to the recurring revenue model and margins. I’m very pleased with the outcome of the sale.”

KBS would like to thank Claire Stretton of legal firm Gateley PLC, whose work Will described as being “great throughout the process”.

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