Nothing to fear for Techno!
Technophobia is one of the UK’s leading developers of next generation web applications, delivering integrated digital solutions to a range of high profile clients across both private and public sectors. Its expertise in delivering business critical web solutions for clients such as Co-Operative Bank, Pizza Express and the Technology Strategy Board has positioned the company as a market leader in the development of social web platforms and user-centric web solutions.
The company was founded in 1995 by Pip and Amelia Thorne and has grown to become one of the most influential businesses in the web arena. It was recently ranked 69 in the Sunday Times Tech Track 100 list of Britain’s fastest growing privately owned technology companies. The company also featured in the top 50 list of fastest growing digital media companies in Europe.
The BHP Corporate Finance team was led by partner David Forrest and assistant director Kevin Davies, who have worked with the shareholders and senior management team over an extended period and in particular over the last year, following the shareholders’ decision to take a step back from the day-to-day management of the business. Our work included a strategic options review and resulted in Capita, the £2.7 billion turnover listed outsourcing group, being chosen as the ideal partner for Technophobia going forward.
Pip Thorne commented “It’s the right thing to do at the right time, with the right people and the right company. We have always been looking at progressing the business, growing the business and working with bigger partners. The fit is perfect.”
David Forrest added “Technophobia is a great business to be involved with – dynamic, fast moving and genuinely innovative in a really interesting space. We have very much enjoyed helping the company get to this stage, and the deal represents an excellent outcome for buyer, sellers and management team alike. I am confident that the business will continue to forge ahead and will significantly enhance Capita’s capabilities.”