Tekton Group is an Enterprise Resource Planning (ERP) software provider to the UK construction industry. Its products, used by customers such as Carillion, Skanska and Eric Wright Group, include integrated accounting, resource application and planning tools that are specific to this industry.
The Inflexion investment
We invested £4.6m to lead the £12m buyout of Tekton in December 2006. This included the simultaneous complementary acquisition of SiteStream Software Ltd, a software supplier to construction companies based in Surrey, UK and Missouri, US.
The Inflexion difference
During our partnership, we invested heavily in Tekton’s infrastructure, consolidated its operations and expanded its sales force.
As a result of our investment and strategic guidance, the business saw its profits increase by 50%, while employee numbers grew by over 16%. In addition, in December 2007 we supported the company’s acquisition of Wilcomp, a business and accounting software integrator based in New York. This enabled Tekton to achieve its objective of expanding its footprint within the US.
I was delighted to work with Inflexion in positioning Tekton for its next stage of growth. We had a rewarding and fruitful working relationship over a 15-month partnership, which was reflected in the company’s success during that period.
Richard Beaton, CEO, Tekton