Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Australian Software Company, CMO COMPLIANCE, completes MBO with UK-based Inflexion Private Equity



   Australian Software Company, CMO COMPLIANCE, completes MBO with UK-based
                           Inflexion Private Equity

  PR Newswire

  LONDON, October 24, 2013

LONDON, October 24, 2013 /PRNewswire/ --

CMO, an Australian founded market leader in enterprise health, safety,
environment (HSE) and governance, risk, compliance (GRC) software solutions,
today announced that it has completed a management buyout backed by UK private
equity investor, Inflexion.

CMOs collaboration with Inflexion coincides with the successful completion of
the first stage in their long term business plan to develop the world's most
configurable, versatile and user friendly HSE / GRC software solution. Both
Gartner Research and GRC 20/20 agree CMO is a world leading product, with over
200,000 users globally in a range of industries. In stage two of their long
term plans, CMO is now looking forward to collaborating with Inflexion who can
bring capital for investment in areas such as customer support and sales &
marketing, and also enable CMO to access industry leading skills and expertise
to enhance its management team and board.

The CMO executive team all remain in place to continue the impressive growth
that the company has seen in recent years. As part of the deal, Inflexion has
introduced Loek Van den Boog as Chairman. Loek is a highly experienced
software industry veteran, who was head of Oracle EMEA, where he led rapid
international expansion, and has held board and management positions with
multiple global technology companies, supporting them through periods of high
growth and rapid change.

The company will continue to provide the highest level of service to its
customers and partners, and will now be able to deliver local support with
local knowledge, improve its CRM sophistication and expend more time on
proactive development of its product road map.

Co-Founder James Cotton, commented on the deal: "We are delighted that
Inflexion has recognised the value of what we have established and share our
ambition for the business. The partnership with Inflexion provides CMO with
access to a network of international professionals to enhance our team and
enables us to serve our customers more effectively in every major region of
the world."

Inflexion is a leading mid-market investor with US$1.2bn funds under
management and a portfolio of companies which source, sell and serve customers
in over 95 countries.

About CMO COMPLIANCE

CMO COMPLIANCE is a recognized market leader in enterprise governance, risk,
compliance and health, safety, environment & quality software solutions for
global corporations and regulators. CMO  COMPLIANCE solutions are used by
leading corporations and regulators such as Barrick Gold, Xstrata, ISS, Orica,
Beach Energy, Owens Corning, AXA Bank, McCormick and Philip Morris in a range
of industries including Financial Services, Food, Energy and Mining, Oil & Gas
to manage their GRC processes, regulatory and industry-mandated compliance and
corporate governance initiatives. Further information is available at
http://www.cmo-compliance.com

Contact: CMO COMPLIANCE, James Cotton, +44-207-078-7414; Stephen Humphris,
+61-3-9521-7077
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement