Crescent Capital Backs Management Buy-out of Belfast-based Software Firm
Posted: Monday, September 8th, 2008 at 11:20 am
nisoft logo belfast
Belfast – 05 September 2008 – Crescent Capital has provided funding to support the acquisition and management buy-out of Nisoft (UK) and its US subsidiary, Nisoft LLC. Nisoft is a leading provider of Safety Management Documentation Systems used by continuous processing facilities such as power stations and oil refineries throughout the world.
Participating in the funding and assuming the role of CEO is Doug Deardorf who posseses extensive industry and international market development experience. “This is a unique company possessing a talented team, a leading product and loyal customers, some of whom are the most influential in their sectors. I’m thrilled to have the opportunity to help the company build on its rich legacy.”
Commenting on having initiated the buyout discussions with the two founders over a year ago Deardorf states, “I’m very pleased with how the transaction came together in partnership with Crescent Capital. From our introductory meeting, the team from Crescent has been both creative and supportive. Their involvement will be fundamental to our continued sucess.”
“With installations in over 200 customer sites worldwide, Nisoft is a leading supplier of safety management systems. This provides a strong base from which to expand the business in the markets it serves.” states Colin Walsh, Crescent’s Managing Director. “I was well aware of Nisoft’s accomplishments so when Doug contacted us and expressed his vision and plan for growth we were immediately interested.”
Nisoft was founded in the early 90’s and is proud of its Northern Ireland heritage. Adds Deardorf, “Our first customer was here in Northern Ireland and we are proud and honoured to be serving them to this day. The strong partnership we establish with our customers enables us to continuously enhance our products and services making our products as effective in Asia, Europe, The Middle East and America as it is in the UK.”
The company’s flagship product eclipse, has a direct and positive impact on some of the most fundamental aspects of its cutomers’ business including enhancing plant safety, reducing downtime and increasing a facility’s outout performance. These generate measurable finacial benefits. Eclipse integrates with leading Enterprise Asset Management system through a specialized interface component.
Nisoft’s corporate office and primary developement centre is in Belfast. Sales and support fuctions for Europe, Middle East and Africa are performed from Belfast. The US ans Asia/Pacific regions are supported from offices in Denver and Singapore.
