Investment support for West Midlands tech company
Private equity firm Aliter Capital LLP has recently completed an investment in a tech talent, digital transformation, and technology services company headquartered in the West Midlands.
Founded in the year 2000, Jumar, based in Solihull, boasts a team of technology experts who collaborate with clients in both the public and private sectors. Their services encompass digital transformation, technology services, project delivery, supplementing in-house resources, and talent identification to bolster clients’ technology and business objectives.
This investment in Jumar has been executed through Aliter’s second fund, Aliter Capital II, which holds a total of £134 million in assets. The move aligns with Aliter’s overarching strategy of establishing a prominent specialist technology services and resourcing conglomerate within the United Kingdom. This effort is in conjunction with Concept Resourcing, a tech talent company based in Dudley, which was acquired by funds managed by Aliter in July 2022. Together, these companies will further enhance Aliter’s presence in the tech industry.
Wendy Merricks, founder and chief executive of Jumar, said: “Over the past 23 years, our talented team at Jumar has leveraged its collective strengths to help organisations navigate the evolving technology landscape and achieve their business goals.
“Now, it’s time for us to enter an exciting new phase of the company’s development and we are very much looking forward to working with our new colleagues at Aliter to create a significant, UK wide technology and talent capability for our clients and employees.”
Greig Brown, partner at Aliter Capital, added: “There is clear logic in Jumar working alongside Concept Resourcing. The skills, resources and capabilities of both companies are entirely complementary and will form the strongest of foundations for the development of a leading tech talent and solutions business in the UK.”
“We have been tremendously impressed and encouraged by the input and support we have received from the team at Aliter over the past year,” said Matt Gillen, chief executive of Concept Resourcing. “Now we look forward with great anticipation and enthusiasm to working alongside Jumar, to grow and develop a formidable force in the world of technology and tech talent.”
Aliter said it is actively looking to acquire complementary businesses to join the tech talent platform, with a focus on adding AI and cyber security capabilities, as well as developing its physical presence in the UK’s main tech centres.