Member Article

Ixis completes Management Buyout

Digital agency Ixis has announced the completion of a Management Buy-Out (MBO).

Mike Carter, the company’s current technical director and co-founder, now assumes full ownership of the business following the departure of co-founder and former managing director Chris Haslam.

Ixis, which specialises in consultancy, development, support and hosting for websites using the open source Drupal content management framework, was founded in 2004.

Since its launch, the North-West based agency has been listed in the Deloitte Fast 500 for growth, and has won a number of long standing contracts with organisations including Haringey Council, British Council, City of Westminster Council and most recently Blue Prism, the world’s leading provider of Robotic Process Automation software.

Mike Carter said: “The completion of the management buyout is another exciting chapter in the history of the company. In the 12 years since founding the business with Chris, we have remained focused on delivering high quality Drupal services to organisations that can depend on our expertise and reliability.

“This will always remain at the heart of the services we provide and I’m looking forward to continuing to build great relationships with a wide range of organisations who trust Ixis when it comes to helping them deliver operationally critical websites and web infrastructure.

“I’d like to take this opportunity to thank Chris for leading the business over the last decade and I wish him well in his next venture.”

Chris Haslam added: “I’m incredibly proud of the company Mike and I founded. We’ve had some great achievements over recent years, including being recognised by the Cabinet Office for our innovative and open source work in the public sector. Ixis often competes with companies much larger than itself which is a testament to the strength of the team, and I wish them all the best for the future.”

Outside of Ixis, Chris has invested in 20 companies, including recent seed rounds for North West based M14 industries and Lumici, and he is currently exploring other investment opportunities.

The management buyout was completed by Bermans and Aaron & Partners, with Venture 9 and Mattocks Grindley acting in an advisory capacity.

This was posted in Bdaily's Members' News section by Ixis .