Scalable undergoes management buyout

The shaky global economic back-drop has prompted IT value management vendor Scalable Software LLC to perform a management buyout (MBO).

With a potential recession looming, Scalable’s management team feel it is the right time to invest in the company’s Survey suite, which is designed to relieve businesses of unnecessary expenditure and highlight opportunities for savings.

Mark Cresswell, chief executive of Scalable Software Limited, told CRN: “With the UK on its way into a recession, it is a good time for companies to reconsider their spending patterns.”

Cresswell said the MBO would help to increase Scalable’s focus on the channel.

“Scalable Software has recently recruited a range of partners and has plans for more. We will put in place a sales tool that will allow us to recruit new partners,” he said.

Scalable also intends to launch a product development roadmap during the second half of this year.

“There are plans to acquire some new technologies that will fit in with our channel partners,” added Cresswell.

Peter Cook, director of reseller AstuteIT, which recently became a Scalable Software partner, said: “Survey addresses a topical requirement for all organisations to reduce costs and eliminate waste.”

Chris Evans, director of consultancy Horizon Marketing Services, said: “Since becoming a partner, we have seen some great returns and interest has been increasing over recent months.”