Octopus backs Healthcare and Services Technology Group

The capital injection will support long-term investment in new technologies for HST, as well as expand the group's presence in its main markets: the US, UK, Australia and New Zealand.

Company
HST is made up of two businesses, Care Monitoring 2000 (CM2000) and Ezitrack, which develop remote workforce management software to homecare providers in the UK, US, Australia and New Zealand.

CM2000 was founded in 1999 and supplies its electronic monitoring, scheduling and management information solutions to councils and independent sector homecare providers in the UK, as well as US homecare providers. The company is headquartered in Sutton Coldfield, with offices in Glasgow and Clearwater, Florida.

Ezitrack provides workforce management software to organisations with large workforces operating in the field, including local authorities, care providers and facilities management companies, among others. It is headquartered in Cwmbran, and has offices in Australia and New Zealand.

People
Joe Hartman and Clara Hansen led the deal for Octopus – they will both join HST's board of directors. Peter Longman is the CEO of HST.

Advisers
Equity – Shoosmiths (Legal); Baker Tilly (Financial due diligence); CIL (Commercial due diligence); Aon (Insurance due diligence);Intuitus (IT due diligence).

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• Topics
• UK / Ireland
• Technology
• Expansion
• United Kingdom
• Octopus Investments