The corporate team at Penningtons Manches Cooper has advised the shareholders of leading IT service management provider Alemba on its acquisition by Volaris Group, headquartered in Canada.
Alemba, headquartered in Woking, develops Alemba Service Manager, a highly functional, 100% ITIL-compliant IT service management tool with a specific focus on request fulfilment. Backed by 25 years of heritage, Alemba Service Manager enables users to respond quickly to business demands by dramatically reducing time to request fulfilment through automated workflowed integration.
Volaris Group acquires, strengthens, and grows vertical market technology companies. As an operating group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day to day business, or through complementary acquisitions.
The Penningtons Manches Cooper team was led by corporate partner David Kendall, with support from corporate senior associate Hannah McIlwraith and corporate associate Hatem Abass. The wider team included tax partner Stephen Goldstraw, corporate associate Danielle Broadhead, tax associate Leonie Langley, and commercial and IP senior associate Fiona Rodgers.
Simon Nugent, CEO of Alemba, commented: “Volaris is an excellent home for Alemba and we are excited to bring the benefits of Volaris’ expertise and long term vision to our customers. Working with David and the team at Penningtons Manches Cooper was an absolute pleasure, in particular, we valued their expertise in dealing with cross-border acquisitions – their advice and leadership was hugely appreciated.”
David Kendall said: “We are pleased to have acted for the shareholders of Alemba on the sale to Volaris Group. Penningtons Manches Cooper have worked with the company and its founders for almost 10 years and wish the company and all involved great success under its new ownership.”