The Carlyle Group Invests in Derive Logic Limited
London UK – Global investment firm The Carlyle Group (NASDAQ: CG) today announces that it has agreed to invest in Derive Logic Limited to support the management team for its future development and growth plans. Equity for the investment will come from Carlyle Europe Technology Partners III (CETP) and reinvestment from the company’s founders and chairman. Financial terms of the transaction are not disclosed.
Derive Logic provides services and solutions to enable clients to achieve effective IT governance, assure digital transformation, manage their risk, compliance and performance. Its clients use Derive Logic’s strategic consulting services and managed services to optimise their IT investment while avoiding unnecessary costs and reducing financial risk.
The investment is an addition to Livingstone Technologies, a current CETP portfolio company, which operates in the software asset management (SAM) sector and which was acquired by Carlyle in May 2018.
As part of the investment, Trevor Rolls, chairman of Derive Logic, will be appointed chairman of the group of SAM companies which includes Livingstone and Derive Logic.
Trevor Rolls, Chairman, Derive Logic, said: “Having been a leader in the UK market for IT Asset Management services (ITAM), this investment from Carlyle and international support from the wider Livingstone Group, will allow the company to accelerate its growth ambitions. We believe the business is well positioned in both the ITAM market as well as the wider opportunity around Cloud and Software Portfolio Management.”
Fernando Chueca, Managing Director, The Carlyle Group, said: “Derive Logic is a well-respected player in the IT governance and digital transformation sector, differentiated by its strategic consulting approach and broad partner network. I believe Derive Logic will make a strong contribution to our strategy of building a significant global player in the provision of value-add ITAM services. We look forward to working with the company’s leadership team notably Trevor Rolls, Chris Gough (founder), Perry Fawcett (CEO) and Justyn Waterworth (Chief Commercial Officer) to support the company in its next stage of growth and development.”
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About Derive Logic Limited
Derive Logic’s services and solutions enable its clients to achieve effective governance over their software & hardware assets. Clients use Derive Logic’s intelligence to avoid unnecessary cost & possible financial penalties, whilst optimising their IT investments & managing their risk, compliance & performance. From strategic reviews & assessments that identify serious issues and risk, to a complete range of managed services, Derive Logic’s services keep its clients’ business compliant, optimised, agile & secure.
Derive Logic’s customers include many large UK IT services partners along with direct customer relationships. Derive Logic is headquartered in Cirencester, UK.
About the Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.
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