Azure sells division to ThorpeGlen
ThorpeGlen Limited has bought the advanced communications monitoring business from Azure Solutions in Ipswich – previously a spin-off company from BT Labs – for an undisclosed sum.The MBO, supported by CREATE Partners Limited in Cambridge as the lead investor and facilitated and managed by European American Capital Limited, was secured in the face of stiff competition and ensured ThorpeGlen’s position among the world’s leading providers of electronic surveillance solutions.
These advanced systems can acquire, enhance, monitor and analyse massive amounts of data. This level of data and pattern detection is critical to be able to predict activity that may indicate preparation for major criminal events, including terrorism acts and high tech financial frauds.
CEO David Woods said: “Our predictive intelligence capability, developed over many years with BT and Azure gives ThorpeGlen its unique and leading position in the marketplace.
“Previously many systems of crime detection have relied predominantly on post-event intelligence; but what is increasingly required is the ability to predict activity leading to major crime events before they happen.
“Integrate that with the current investigation processes used; add other surveillance and intelligence capabilities and we are helping governments strengthen their anti crime and counter terrorism capability.”
With contracts already established in the UK, Asia and Europe, ThorpeGlen’s new ownership of the business will enable it to further expand its operations across the globe, supporting the global fight against organised crime.
Matt Pieterse, the investment director who led the deal for CREATE, said: “We were very impressed with the drive, professionalism and ambition of this highly experienced management team.
“The business combines a high level of managerial skill and talent with strategically important Intellectual Property aimed at a very large market opportunity. We expect the company to become a market leader in its field.”
• The Create East of England Fund is a £20m venture capital fund managed by CREATE Partners, to invest in high growth companies that are based in the East of England. Since mid-2003 the fund has made 22 investments across various sectors ranging from seed capital to MBO.