Verdane-backed Lingit buys Claro Software

The GP acquired Lingit in April 2017, drawing equity from the SEK 3bn buyout fund Verdane Capital IX. It announced plans for international expansion at the time of the original buyout.

Lingit provides literacy support software for people with dyslexia and other reading and writing difficulties. The company will extend its reach and improve its product offering through the acquisition, according to a statement.

Company
Founded in 2004, Claro has 14 employees and is headquartered in Preston, UK. The company offers software for reading and writing support for PC, Mac and other platforms. The company had revenues of £3.1m in 2017.

People
Verdane Capital – Joakim Kjemperud (investment professional).
Lingit – Frode Thulien (CEO).

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