Milient Software AS, backed by Nordic private equity fund Monterro, has acquired Cubic Interactive Limited, trading as Rapport3, a Harrogate-based software solutions provider.
Milient Software specialises in project management software for architects, engineers, consultants, IT firms and other professional service users, while Rapport3 provides a project and resource management system designed for architects, engineers and project managers.
The acquisition will enable Milient to strengthen its presence in the UK market and expand its service offerings.
Law firm Browne Jacobson advised Milient Software on the deal. The team was led by private equity partner Gareth Davies, principal associate Matthew Dorman, and associate Jonathan Bradley. The team also included tax specialist associates Rebecca Burge and Arbi Singh, and employment experts principal associate Jen Jenkins and associate Tim Williams.
Gareth Davies, partner at Browne Jacobson, said: “Supporting Milient Software and Monterro for the second time on their UK expansion underscores a broader market trend: the growing confidence of overseas investors in UK tech. This transaction is a powerful signal that international capital continues to back the UK’s world-class technology sector.”
Simon Nystrom, investment manager at Monterro, added: “We’ve been impressed by the quality and innovation within the British software sector, and Rapport3’s expertise and client base make this a highly strategic addition to our business.
“Browne Jacobson’s deep understanding of cross-border transactions and the UK market has been invaluable. This is our second deal together, and their commercial approach and technical excellence made the process seamless.”
