Kirona is a leading provider of field force automation solutions.

The field force automation software includes mobile applications that enable efficient real-time monitoring between HQs and their field based operators to generate proven operational savings.

In 2011 LDC backed the management buyout of Kirona.

LDC subsequently worked with the management team providing strategic support to the business as it achieved sustained and significant growth, notably through breaking into vertical sectors and exporting to new international markets.

In 2012 LDC provided additional equity to support management in the acquisition of Xmbrace.

Since the original investment in 2011 Kirona more than doubled its staff, trebled revenues, materially increased earnings and appointed a high quality Non-Executive Chairman to help continue to drive growth.

In 2014 LDC partially exited its investment in Kirona, through a £20million secondary buyout, the deal provided a 2.2x return on LDC’s initial investment. LDC will continue to hold a minority stake in the business going forward as a co-investor.

In 2019 LDC sold its remaining minority stake in the business as part of a trade sale to Advanced, a provider of cloud-based enterprise resource planning software.

This has been a tremendous period of growth for our business and we see this continuing in the years ahead, especially with the on-going support of a committed team both here and overseas. LDC’s support has been unstinting and we look forward to working with Living Bridge who, alongside LDC, will help us achieve our long-term ambitions for the business.
David Murray, CEO, Kirona