peoplevalue announces investment from Ethos Partners, marking next phase of growth
We are delighted to announce that we have received private equity investment from Ethos Partners. This investment has supported the management buyout (MBO) of peoplevalue and given us the opportunity to embark on our next phase of growth.
The pandemic has shaped the future of work, not only highlighting the importance of employee engagement, but the valuable role of innovative technology to help businesses connect, reward and support their teams. With many businesses adopting a hybrid approach to work and workforces becoming increasingly dispersed, the need for powerful employee engagement technology will only increase.
peoplevalue has almost twenty years’ experience in the industry, over 15 years of uninterrupted growth, an impressive portfolio of clients and a suite of innovative employee engagement solutions, which means we are in a fantastic position to build on our success. As a result, Mike Morgan, Founder, Andy Caldicott, CEO and the rest of our Management Team sought the backing of investors to take us through the next phase of our growth.
Due to their excellent track record, valuable expertise, connections and cultural alignment, Ethos Partners were chosen to help bring our vision to life.
What does this mean?
With the backing of Ethos, we will continue to ramp up investment in technology to enhance our suite of employee engagement solutions which will strengthen our position as a leading employee engagement provider. On top of that, the investment will also facilitate the growth of the business, with plans to add more people to our valuable team.
To support the growth plans, some organisational changes have taken place including the appointments of Andy Caldicott, formerly MD at peoplevalue as CEO, Chris Chambers, formerly MD of Remus Rewards as COO and David Jay, a new member to the peoplevalue team as CFO. Mike Morgan, Founder of peoplevalue will remain involved as a member of the Board.
Andy Caldicott, CEO of peoplevalue, commented:
“The team at peoplevalue is passionate about helping businesses engage their teams, members or customers and we are proud to be able to partner with many of the UK’s leading businesses to do this together. The Ethos investment and partnership will enable new opportunities for both our employees and clients as we continue to innovate and bring new technologies to the engagement market. We are all very much looking forward to the next period of our company’s development and working closely with Ethos Partners.
Mike Morgan, Founder of peoplevalue, commented:
“peoplevalue has grown organically over the last 20 years to become recognised in our industry as one of the leading providers of SaaS based solutions to support business’ engagement strategies. I am delighted by the partnership we have formed with Ethos who recognised the potential of the business from the outset. Ethos was an obvious choice with a pedigree in helping businesses achieve their true potential and we look forward to a successful and exciting future together”.
Pascal Wittet, Partner at Ethos, commented:
‘The market for technology-led employee engagement solutions is growing at an attractive rate and will become more crucial to organisations in a world of distributed workforces in which working from home is increasingly accepted. Mike, Andy and the PeopleValue team have built a successful business that is highly regarded by its customers. We look forward to working with Andy and the wider management team to help deliver the next stage of growth and we are delighted to have given our private investors the opportunity to participate in this exciting journey.’
Thank you to the following parties that supported the transaction: BDO, Latitude Consulting, Polestar and Harrison Clark Rickerbys.
For any enquiries, please contact Pip Rule, Communications Manager at [email protected].