Inflexion completes a Partnership Capital investment in Mobica
Inflexion is pleased to announce that it has completed a Partnership Capital, minority investment, in Mobica, an award-winning software development and integration services company.
Founded in 2004 by the current Chairman, Mobica is a rapidly growing provider of leading edge software engineering expertise. With a team of more than 800 people across the UK, Poland, Mexico and the USA, the company focuses on multi-billion pound market verticals including semiconductor and automotive. Mobica has established itself as the development partner of choice to some of the world’s leading technology companies by delivering innovative, cost-effective software solutions at the forefront of technological advances.
Inflexion’s Partnership Capital investment will help accelerate organic growth in Mobica’s highly skilled engineering base to enable Mobica to further develop their client’s next-generation mission-critical products and platforms. Inflexion’s own TMT sector expertise and international reach, with portfolio support offices in overseas markets, made the firm the natural partner for Mobica’s global ambitions.
Simon Turner, Managing Partner at Inflexion, commented “Mobica is a unique business, which operates at the cutting edge of technology and enables its customers to deliver products in key areas of rapid innovation such as in-car infotainment, Internet-of-Things applications, payment technologies, and semiconductor applications. The team has created a rare pool of deep technical expertise and managed to scale internationally at a highly impressive rate whilst serving a demanding global customer base. This investment is part of our strategic focus on the TMT sector and benefits from many of the key megatrends in the sector. We are proud to partner with such an innovative and accomplished team.”
Nick Stammers, Chairman of Mobica, commented “We are delighted to partner with Inflexion who will help take Mobica to the next level. Inflexion’s understanding of Mobica’s vision and culture, their financial capability and international reach, made them the perfect partner to support the continued growth of the business. All management shareholders are still invested in Mobica and it was important for us to maintain the values that have made the company so successful, while getting a partner to help with our expansion.”
The investment was led by Catherine Richards, Gareth Healy and David Whileman.
Inflexion was advised by Innovation Advisors, DWF and PwC. Mobica was advised by GP Bullhound, Gateley Plc and PwC.