£4m buy-out and development capital for expansion.
Hammersmith, London, U.K. – 29th July 2011 – WTG Limited, a company backed by DTI Capital, a New York based Private Equity firm, today announces its management buy-out (MBO) led by Kieron Sambrook-Smith (CEO).
WTG (www.wtg.co.uk) is a specialist information integrator delivering high security solutions into the Public Sector and specifically Criminal Justice and National Security. The company has been delivering application development, management and secure solutions integration since 2001. This includes several high profile government systems used by circa 300,000 users and many millions of citizens, with classifications of Restricted and above.
The company’s solutions transform data (up to confidential) into intelligence and then share it through secure applications such as email, online portals and collaboration platforms. Many of our projects are end-to-end, from initial complex business requirements analysis, design, build and integration with state of the art data management technologies. Surrounding this is the security infrastructure and accreditation, plus an overall managed service with aspects up to Impact Level 4 in secure government/partner data centres.
There currently exists a significant opportunity within UK central and local government to assist them through various efficiency initiatives, business process automation and systems transformation.WTG is investing to deliver a new suite of repeatable applications and products that will assist the government in achieving these cost savings.
Leading this management buy-out (MBO) is Kieron Sambrook-Smith (CEO), an entrepreneur with experience of accelerating small-medium cap company development and growth within the security & telecoms sectors. He has led a number of previous buy-outs and successful exits in this sector.
Matt Penneycard is the DTI Capital Managing Director backing this buy-out, and has ten years of experience funding acquisitions and successful exits for various venture capital and private equity firms. DTI Capital (www.dticapital.com) is a private equity firm specialising in technology investments.