Deal Enables Consultancy to Deliver End-to-End Offering to Clients, Combining Best-of-breed Technology with Business Transformation Expertise
Holley Holland Acquires IMX Software
Holley Holland, a boutique consultancy specialising in the financial services industry, has announced that it has joined forces with the management team of IMX Software to acquire the business from existing owner, CPS Group.
Background on Holley Holland’s Expertise
Holley Holland has a strong track record in business transformation consulting within the financial services industry with a particular emphasis on investment banking, asset management, retail banking and insurance.
Andrew Holley
The deal enables HHL to offer a complete end-to-end solution for transformation projects, including bespoke IT products tailored to an individual client’s needs. It will be able to deliver this by combining its own consultancy expertise with IMX’s understanding of financial services technology and bespoke development services, thereby creating new opportunities for growth and international development in the process.
Details of the Acquisition Deal
Under the terms of the contract, a new UK-based business named IMX Software Group Ltd has been created to acquire the IMX operating companies in Australia, South Africa and the UK.
Leadership and Management Structure
IMX Software’s managing director, Bill Tickner, will run the group day to day, with the existing management team, comprising David Phillips, Ian Goodall, Marcus Custance and Mars Miocic, all of whom become shareholders following the transaction. The team’s primary focus will continue to be on realising the full potential of IMX’s GTS portfolio of products targeting the wholesale banknote and retail travel money automation markets.
Andrew Holley, director at Holley Holland will join the board of the new company as chairman, while fellow Holley Holland director, Mark Holland will become a director of the new concern.
Strategic Benefits and Synergies
According to Holley: “This transaction strengthens Holley Holland’s strategic capability to provide an end–to-end capability for clients. It marries the business-driven analytical and transformational work the consulting function performs so well with the ability to deliver pragmatic, rapid and cost effective software solutions.
“IMX has a state-of-the-art technology architecture, robust, scalable and secure operating platform and highly motivated management team. It also operates an agile methodology which enables us to provide ‘lightweight solutions’ that deliver efficiency and speed.
“In addition, IMX offers hosted solutions which adds to the flexibility we can offer clients. And the quality of its client base underlines the credibility of its technology its solutions offering and the business as a whole. It could not have been a better partnership prospect for Holley Holland,” he continues.
“We are all delighted and excited about the prospect of bringing IMX and Holley Holland together. It’s genuinely a case of one plus one equals three++ for both our customers and the combined team.”
