London, UK, 30th April 2012
- Application Intelligence experts have bought out their institutional investors in an MBO led by their CEO, Frank Foxall.
- Customers and partners will benefit through the accelerated investment in innovative products and services that address complex application migration and portfolio management challenge
– Camwood, the Application Portfolio Management company, (and original creators of the App-DNA toolset), today announces that it has bought out its existing Venture Capital (VC) investors and is now 100% self-owned. The deal, completed on 26th
April 2012, means that Camwood is now entirely owned and run by members of its own board. This represents another milestone in the extraordinary journey of the world’s foremost specialists in application intelligence and ‘Enlightened Migration’.
Camwood concluded its deal with its existing venture capital investor groups, Matrix Partners and Foresight Group, on 26th
April 2012. The current Directors, led by CEO Frank Foxall are now the sole owners of Camwood.
“We have worked with Matrix Partners and Foresight since 2003 and are grateful for the insight and support they have given us but the time is now right for the management buy out,” commented Frank Foxall. “The new structure will enable us to move forward and take advantage of new market opportunities and further develop our products and services.”
Four years ago, App-DNA, a software toolset for application management, was spun out of Camwood. App-DNA was then acquired by Citrix in October 2011 for $92million, providing the institutional investors with a substantial return of 32 times the initial investment which is a Silicon Valley-type result.
“If App-DNA represents a distillation of just a part of Camwood’s expertise in application migration and portfolio management services,” added Frank, “it gives you a perspective on just how valuable and unique our skillset is. We’re looking forward to the future, and are very excited about realising our bullish plans for mid-to-long term growth. Those parties now determining Camwood’s future have been working within this field of expertise for many years, and are ideally placed to drive the continued growth of the company. This will ultimately translate into the continued innovation of Camwood’s products and services for our customers and greater market agility.”
Camwood’s “Accelerating your move Windows 7″ event
Part of the Microsoft App Compat Sessions
With support for Windows XP coming to an end on the 8th April 2014 and IE6 dependencies standing in the way of many Windows 7 migrations, what better time to start taking the leap to a more modern browser? Legacy – yet still business-critical – web applications are all too often a key migration blocker, so we have teamed up with Microsoft
to help jump-start your browser migration and accelerate your move to Windows 7.
Join us on Thursday the 3rd May 2012
, for a packed agenda discussing the technical challenges
faced by IT departments looking to migrate to a later version of IE. We’ll show you how to overcome these challenges with new tools and innovative solutions
, including Browsium Ion which enables enterprises to run IE6- and IE7-dependent web applications in IE8 or IE9, thus unblocking upgrades to Windows 7. The agenda will cover:
- The benefits of migrating to a modern browser
- How to identify problem web applications
- How to remediate these applications, while minimising cost and complexity
- Best practices for a successful IE migration
Thursday 3rd May 2012
9.30am – 12.45pm
Cote St Paul’s, London
9.30am – 9.45am – Arrivals and Registration
9.45am – 9.50am – Welcome and Introduction
9.50am – 10.20am – Microsoft – The benefits of migrating to a modern browser
10.20am – 10.30am – Coffee
10.30am – 11.00am – Camwood – How to prepare for an IE migration and identify problem web applications
11.00am – 11.30am – Browsium – How to remediate these applications, while minimising cost and complexity
11.30am – 12:00pm – Q&A Panel
12:00pm – 12.45pm – Light lunch and networking
This event has now taken place
– To find out more about this topic and how Camwood can help you with your web app migration please contact us