Isis exits Quantix

Diana Petrowicz
22 September 2011

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Isis Equity Partners has sold IT service provider Quantix to Interoute.

The investor generated a 3x multiple as well as an IRR of more than 30% on the sale.

Previous funding
In March 2007, Isis Equity Partners and Invex Capital acquired Quantix from Lynx for £4.8m and an additional debt facility provided by Lloyds TSB Corporate Markets. Since then Quantix has further developed its core services as well as its cloud proposition. In the first year after the buyout, the company doubled its sales team, established a marketing team and expanded its delivery team. According to the investors the business has shown consistent growth year on year.

Company
Nottingham-based Quantix is a provider of IT managed services, it focuses on outsourced databases, applications and security management, providing support, consulting and product sales for key partners Oracle, Microsoft, Juniper, Surfcontrol and Checkpoint. Quantix was founded in 1997 as a support services division of IT distribution business Sphinx CST. In the fiscal year to September 2010, Quantix generated a turnover of £8.4m and an EBITDA of £1.76m.

People
Paul Morris led the investment for Isis Equity Partners.

Advisers
Shareholders - Livingstone Partners (Corporate finance)