News

17 November 2017Pollen Street Capital acquires a majority stake in Visionblue Solutions

Pollen Street Capital is pleased to announce that it recently concluded the fifth investment from PSC III LP to acquire a majority stake in Visionblue Solutions, a technology company based in Ireland that provides case management software to support both corporate and personal insolvency practitioners in the U.K., Ireland and Cayman Islands.

Visionblue commenced trading in Ireland in 2002 with the current senior team instrumental in architecting and developing the software.  Since it started, the business has invested significantly in the technology solution that provides is customers with an opportunity to significantly increase efficiency as well as ensure compliance with the specific insolvency legislation in each jurisdiction that the company operates.

The business has a stable and predictable revenue stream plus an exciting and significant opportunity to grow by increasing penetration in existing markets, growing overseas and moving into adjacent markets such as loan management.

Colin Brown, Visionblue CEO says “Pollen Street have been great to work with over the last six months as we built out the business plan and completed the due diligence. The process has certainly made us a better business.  We are the market leading personal insolvency software providers in the UK, where Visionblue case management software is used to manage over 70% of active personal insolvency cases. We are also the market leading insolvency case management system providers in Ireland for both corporate and personal case types. Partnering with Pollen Street over the coming years gives us the confidence to really consolidate our position in existing markets, grow internationally and build out functionality that will support customers in adjacent markets. ”