Valldata is pleased to announce its new ownership following the successful management buyout (MBO) of the company from private equity firm, Livingbridge.
The move was made possible following financial backing from a group of individual investors, experienced in providing services to the charity sector.
Charity Pay, which runs a service that reduces the VAT burden on charities, has also been sold as part of the deal.
Commenting on the buyout, Valldata chief executive, Greg Michael, said: “This MBO provides Valldata with a range of opportunities for the future, owned and led by an experienced team which is committed to continual improvements. One of our first main focuses will be strengthening Valldata’s technological capabilities.”