Calyx grabs mid-market software duo

Private equity owner Better Capital advances £6m to fund Touchstone and Trinity acquisitions

Calyx is revving its M&A engines again, buying a brace of mid-market software VARs that will add £6.2m to its turnover.

Better Capital, the private equity firm that bought 300-strong Calyx from administration in September, today announced it has advanced £6m to allow Calyx to make two bolt-on acquisitions.

These are Touchstone, a supplier of integrated business software and Trinity Computer Services, a developer of wholesale and distribution application software products.

The pair both sell to mid-sized UK organisations and have annual sales of £3.2m and £2.9m respectively.

Trinity's products use Microsoft Dynamics GP as the core finance system and Better Capital said the transaction would create the UK's largest Microsoft Dynamics GP reseller, with more than 500 customers.