Capficiency adds ProvisionPoint Ltd. to their growing portfolio of investments in the IT industry.
TORONTO, Jan. 20, 2023 /PRNewswire-PRWeb/ -- ProvisionPoint Limited, a UK-based solution developer providing tailored productivity software leveraging the Microsoft 365 workspace, has been acquired by Capficiency Private Equity ("CPE"), an emerging private equity firm with existing PortCo's in the software and IT Services industry.
"Capficiency is confident that [ProvisionPoint] management's experience and European presence will bring the necessary expertise and leadership to formalize and expand our portfolio's offerings to new vertical markets and geographies, while realizing significant synergies." - Managing Partner of CPE, Mike Diep, "We believe that CPE's bench of experienced operators in the IT space will provide the necessary partnership and expertise to optimize operations and unlock new growth opportunities."
"We are delighted to be joining the Capficiency Microsoft family. I knew from our first conversation that they were the right team to be taking ProvisionPoint forward. I am looking forward to working with new and existing customers, delivering our continued high standard of customer service with an enhanced product and services portfolio." - Peter Baddeley, Founder, ProvisionPoint Ltd.
The acquisition ProvisionPoint bolsters Capficiency's entry into the Microsoft ecosystem in 2022 through the acquisition of Microsoft SharePoint applications developer, KWizCom Corporation. Together with Appficiency Inc. as a spearhead, the consolidated entity continues to deliver the portfolio's commitment to solve complex business problems via innovative technology solutions.
About Capficiency
Established in 2018 and headquartered in Toronto, Capficiency is an emerging private equity firm that partners with founders and management teams to fuel growth. At Capficiency we help companies navigate change, tackle challenges, and capitalize on new opportunities to build stronger, more valuable businesses. To learn more about Capficiency, please visit us at capficiency.com
About ProvisionPoint Limited
Established in 2016 and headquartered in the United Kingdom, ProvisionPoint provides tailored productivity software and consulting support to commercial enterprise customers leveraging the Microsoft 365 ecosystem. To learn more about ProvisionPoint, please visit us at provisionpoint.com
About KWIZ
Established in 2005 and headquartered in Toronto, KWIZ Corporation specializes in developing productivity add-on apps for Microsoft SharePoint. KWIZ has a diverse customer base with over 900 active clients globally, operating in industries ranging from government, financial services, retail, pharmaceuticals, and education. To learn more about KWIZ, please visit us at kwizcom.com
About Appficiency Inc.
Established in Toronto in 2014, Appficiency is a provider of IT consulting services focusing on leading ERP solutions in North America and around the world. Appficiency is committed to serving our clients by helping them respond to complex business issues and/or evolving service needs and opportunities with innovative technologies. Over the past few years, Appficiency has grown to be market makers that have redefined industry solutions with complex software adaptations in markets like warehouse distribution, advertising, media, publishing and construction. To learn more about Appficiency, please visit us at appficiency.com
Media Contact
Diana Alarcon, Capficiency Private Equity, 1 3054981674, [email protected]
SOURCE Capficiency Private Equity
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