Rainmaker Solutions acquires tech resourcing firm
Buckinghamshire-based business transformation specialist Rainmaker Solutions has made its first acquisition since being awarded funding from the European Investment Bank, via Funding Circle, with the purchase of a technology and business resourcing company. No details of the acquisition were released.
Central and East Deals, Technology Muhammad Aldalou

Buckinghamshire-based business transformation specialist Rainmaker Solutions has acquired a technology and business resourcing company.

The takeover of the resourcing hub is Rainmaker's first acquisition since it secured funding from the European Investment Bank (EIB), through Funding Circle.

As well as funding the company's acquisition strategy, the EIB investment continues to support Rainmaker’s work with UK government departments and agencies in helping them prepare for a post-Brexit Britain.

The deal doubles Rainmaker's client base in its existing target markets, focused on the public and financial services sectors. It also expands the company's market opportunity in adjacent markets including infrastructure, hotels, leisure, aviation and travel.

Jan Joubert, chief executive of Rainmaker, said: "Business change is, at its core, a people process. To achieve and sustain transformational change, organisations must understand people and culture at every level.

"The resourcing hub are leaders in this field. This acquisition builds our recurring revenue base and accelerates our expansion into adjacent markets. Not only is EIB funding supporting our strategic plan to deliver both organic and M&A-led growth, it is also allowing us to bid for and win work with the UK government as it prepares to deal with the consequences of Brexit."

Antony Enright, managing director of the resourcing hub, added: "In Rainmaker we have found a committed and experienced partner which shares our vision and values.

"Rainmaker's approach to business and digital transformation is regarded as industry leading, and our networks and expertise will further strengthen its position and opportunity in the market."

The financial terms of the deal were not disclosed.