Everfield, a growth-focussed investor in B2B software businesses, has acquired Depotnet, a leading work order management software provider specialising in the Telecoms, Utilities, and Infrastructure sectors. The acquisition enables Depotnet to invest in innovation and accelerate its growth, with the full support and resources of Everfield. This transaction represents Everfield’s ninth acqusition in the last 12 months.

Depotnet, headquartered in Warwickshire, has established itself as an industry leading software platform that enables network operators and engineering contractors to manage and deliver build-and-maintenance of linear asset networks in an efficient and compliant manner.

Depotnet will continue to operate under its current leadership team, led by Holly Dalby and Darren Bridge, retaining its unique culture and brand. Everfield plan to support Depotnet’s growth by providing strategic guidance and financial support to scale Depotnet’s team and service its growing customer base, while expanding its product offering. The move reflects Everfield’s ‘buy-and-grow’ strategy and its commitment to partnering with differentiated vertical market software businesses.

“We are thrilled to welcome Depotnet to the Everfield family. Depotnet’s exceptional track record, experienced team, and deep domain knowledge perfectly complement our strategic vision. At Everfield we are a long-term partner for entrepreneurs and attach great value to preserving the culture and industry expertise of the businesses we invest in. We are excited to be partnering with Holly and Darren on the next phase of the Depotnet journey, continuing their commitment to innovation and the delivery of industry-leading solutions.” – James Moore, Acquisitions Manager (UK&I) at Everfield.

Depotnet’s existing management team, led by Holly Dalby and Darren Bridge, will continue to lead its team of 40 people from their offices in Henley-on-Arden (UK).

“This acquisition marks a huge milestone for Depotnet. In joining forces with Everfield, we are brilliantly positioned to take the business to new heights, in particular accelerating some of our longer-term technology ambitions, as well as securing long term future opportunities for our amazing staff. We selected Everfield as a partner due to Everfield’s deep strategic knowledge, alongside their commitment to retain the Depotnet brand, the management team and our long-term vision to deliver increasing value from every aspect of our software in an ever-changing market. This investment will allow us to support and expand the cutting-edge software solutions that thousands of our users have come to rely on.” – Holly Dalby, Managing Director of Depotnet

About Everfield

Everfield is a B2B software investment platform with a pan-European network of companies. It supports the quick acquisition, development, and expansion of outstanding entrepreneurial software businesses.

https://everfield.software/

Everfield was advised on this transaction by Grant Thornton (Financial & Tax), CMS (Legal), Xaeus Blue (Technology) and GRAPH (Commercial).

About Depotnet

Depotnet is an industry-leading work order management software provider, with over 35,000 users across all its clients, catering to the Telecoms, Utilities, and Infrastructure segments.

https://www.depotnet.co.uk/

Depotnet shareholders were advised on this transaction by Moore & Smalley (Corporate Finance and Tax) and CG Professional (Legal).

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