Horizon-backed Sabio buys DVELP

With this acquisition, Sabio plans to strengthen its position across Europe, further expand its customer base and continue to build an international aggregation platform in the contact centre market.

This bolt-on follows a series of acquisitions made by Sabio in the sector in the last few years, including investments in UK-based Rapport, a customer-experience analysis software developer, bought in March 2017; contact centre specialist Datapoint Europe, acquired in July 2017; and Spanish business Callware, a developer of messaging and telephony software, bought in January 2019.

Lyceum Capital bought a 56% stake in Sabio via its Lyceum Capital III fund in a deal inked in July 2016; the deal valued the business at £50m. Subsequently, Lyceum's management established Horizon as a spin-out in 2018 and took on the mandate to continue managing the portfolio of its £330m third fund.

Company
Headquartered in London, DVELP is a cloud software developer and consultancy for the contact centre market.

DVELP's flagship product is Airline, a tool able to integrate Google Contact Centre AI and Twilio's application programming interface, enabling organisations to build, test and deploy automated and conversational customer experiences.

People
Sabio Group – Jonathan Gale (CEO).
DVELP – Tom Mullen (founder, CEO).

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• Topics
• Portfolio management
• UK / Ireland
• Technology
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• United Kingdom
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• Buy-and-build
• Horizon Capital (formerly Lyceum Capital)