The existing management team led by ITM CEO Darran Blount will partner with Inflexion to drive the business in its next phase of growth. The buy-out team includes consulting director Maurice Titley, sales and marketing director Matt Dodds, chief financial officer Gurmit Dhesi and executive chairman Duncan Howorth.
ITM, which was founded in 2003, specialises in technology-led data audit, management administration and migration services, working with pension funds, providers, trusts and administrators and other generalist financial institutions. Headquartered in London, ITM currently employs 120 staff across the UK, with additional offices in Guildford and Edinburgh.
Howorth says: “This new ownership structure will allow ITM to retain our independent and unique position in the market, whilst benefiting from the investment of our new partner, Inflexion Private Equity. Inflexion has demonstrated a clear understanding of the business and their digital expertise and experience in the sector mean they are well positioned to support the continued development and growth of ITM.”
Blount says: “We look forward to developing ITM services to exploit the growth opportunities underpinned by regulatory and industry drivers in our core markets, and broaden our range of services and support our expansion into adjacent markets. Inflexion’s relevant experience in these areas will be invaluable as we work together to drive these developments.”
Inflexion managing partner Simon Turner says: “ITM is a clear leader in its space, with a strong reputation built on its high quality technical staff, bespoke proprietary software and long-term relationships with blue-chip customers. The company has established a solid platform to exploit the positive dynamics in its markets, as firms turn to outsourced specialists to manage their increasing volume of data.”
The Inflexion deal team comprised Andrew Mainwaring Robin Senivassen, Abhishek Majumdar and James Stevens.
