Private equity backing for tech firm
Aliter Capital LLP, the private equity investment specialist focused on the small to medium-sized UK support services sector, has announced the completion of an investment in Jumar, the West Midlands headquartered tech talent, digital transformation and technology solutions business.
The investment, made from Aliter’s £134m second fund Aliter Capital II, sees Jumar become a key part of Aliter’s strategy to develop a leading specialist technology resourcing and solutions group in the UK, working alongside tech talent business Concept Resourcing, the Dudley based company, acquired by funds managed by Aliter in July 2022.
Founded in 2000, Solihull-based Jumar has developed a reputation for delivering innovative technology solutions. Jumar’s team of technology experts work with customers across the public and private sectors, providing digital transformation, technology solutions, project outcomes, augmenting in-house resources and identifying skilled talent to support their customers’ technology and business needs.
Wendy Merricks (pictured), founder and CEO, Jumar, said: “Over the past 23 years, our talented team at Jumar has leveraged its collective strengths to help organisations navigate the evolving technology landscape and achieve their business goals.
"Now, it’s time for us to enter an exciting new phase of the company’s development and we are very much looking forward to working with our new colleagues at Aliter to create a significant, UK wide technology and talent capability for our clients and employees.”
Greig Brown, partner, Aliter Capital, said: “There is clear logic in Jumar working alongside Concept Resourcing. The skills, resources and capabilities of both companies are entirely complementary and will form the strongest of foundations for the development of a leading tech talent and solutions business in the UK”.
Matt Gillen, CEO, Concept Resourcing said: “We have been tremendously impressed and encouraged by the input and support we have received from the team at Aliter over the past year.
"Now we look forward with great anticipation and enthusiasm to working alongside Jumar, to grow and develop a formidable force in the world of technology and tech talent.”
Aliter is actively looking to acquire complementary businesses to join the tech talent platform, with a focus on adding AI and cyber security capabilities, as well as developing its physical presence in the UK’s main tech centres, including London, Bristol, Manchester and Scotland.
