The Stevens & Bolton corporate team has advised the shareholders of Care IT Services Limited, trading as FXLoader, on its sale to insightsoftware UK Ltd, a global provider of reporting, analytics, and performance management solutions, empowering organisations to unlock business data and transform the way finance and data teams operate.
FXLoader is a UK-based provider of automated exchange rate loading software for enterprise resource planning (ERP) systems and financial applications. FXLoader’s automated service ensures FX rates are always up to date and accurate in ERP applications and its SaaS solution is at the core of global companies running tier one ERPs, ensuring they are using authentic, reliable currency rates from leading providers and central banks.
Peter Care, founder of FXLoader, commented: “The M&A team at Stevens & Bolton are professional, efficient and commercial. We are very pleased with this excellent result and the acquisition of FXLoader will expand insightsoftware’s existing reporting capabilities, allowing them to offer businesses a further streamlined and consolidated platform.”
Oscar Horwich, Corporate Partner, commented: “We are very pleased to have helped with this important transaction. It is great to have got this over the line for Peter and Kate and we wish them and the insightsoftware team all the best for the future.”
The Stevens & Bolton team was led by Oscar Horwich, with support from Charlotte Lane and Ulugbek Gomes-Pessoa (corporate), Sarah Cardew (corporate tax), and included a multi-disciplinary team across the firm’s commercial, regulatory and competition, IP, real estate, employment, and pensions teams.
Oscar Horwich