Finance technology provider Codeweavers has undergone a management buyout after a sustained period of growth.
Sales director Shaun Harris, operations director Craig Judson, infrastructure director Robert Emery and development director Tom Wollert have bought a stake in the company, alongside two of the existing shareholders from the previous owners, Roland Schaack and Ian Bullough.
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Schaack said: "The management buyout sees the key people who currently lead the business taking an active stake in our future. For our customers and prospective customers, continuity and commitment are further enhanced. As a business this same assured continuity strengthens our long term plans and growth momentum.
"Looking ahead, customers can be assured that the course we have long chartered in terms of delivery, support and innovation will be continued. The market for financial services is highly dynamic and we are committed to providing the software that enhances the move to digitisation in a highly compliant manner."
In September, Codeweavers revealed that that the average consumer looked to pay a deposit of around £1,000 and spend no more than £200.
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By GlobalData
