UK-based label and artwork solution SaaS company Kallik has announced the sale of its business to growth equity investor FPE Capital.
Kallik focuses on creating labelling for industries such as cosmetics, with its automated artwork platform, AMS360, underpinning businesses such as Mary Kay.
As part of the sale FPE Capital will expand the existing team at the company with a newly appointed executive team to ‘accelerate growth’. Appointments include, David Bennett, former CEO at FPE Capital company, Inforsense, and former President, Sales and Marketing at Zinc Ahead, a high-growth compliance SaaS provider to the pharmaceutical industry will join the business as CRO.
John Hawkins joins the board as a Non-Executive Chairman.
Ashley Goldie, Managing Director of Kallik comments, “I’m delighted to announce this news today, which heralds exciting times ahead for both our customers and our employees. FPE Capital’s investment demonstrates complete confidence in both our products and our forward revenue projections. The acquisition will accelerate the ambitious growth of our business across all areas, including our technologies, infrastructure and people and provides access to a team of specialists with a proven track record in delivering outstanding growth and expansion into new markets and territories.”