Workplace technology provider Agilico continues its impressive growth with the acquisition of YourDMS Limited (YourDMS).
Agilico offers managed print services, information management, agile working technology, and telecom and IT services.
Agilico was founded as the DMC Group in Croydon in 1991, was invested in by Horizon Capital in 2018 and rebranded as Agilico in 2021. Currently they serve more than 14,000 customers and aim to maximise operational effectiveness.
The acquisition of Invu document management and accounts payable software reseller YourDMS is Agilico’s latest investment in its software and consulting division, following on from the acquisition of Invu in 2021.
It marks Agilico’s eleventh acquisition to date backed by Horizon Capital.
On the acquisition, Simon Davey, the CEO of Agilico said:
“We have worked with YourDMS for many years through our indirect channel, so we know the business and its customers well. This is an opportunity for us to expand the customer relationships with new products and ideas and to bring them closer to the Invu community.”
Agilico worked alongside advisors at Knights on the deal. The team was led by James Sparks, Senior Associate, and included Martin Smith, Katie Sharman, and Andrew Rowell.
James Sparks, Senior Associate at Knights, said:
“It was a pleasure to assist Agilico with their buy and build strategy and deliver a great result for all parties. I look forward to seeing the YourDMS business thrive as part of the Agilico group.”
Knights is one of the fastest-growing legal and professional services businesses in the UK. With 23 offices nationwide, Knights is ranked within the top 50 UK law firms.