05-11-2024
CIPFA today announces the sale of the CIPFA AssetManager.net and CIPFAstats+ businesses to Infoshareplus. These two products are an excellent fit with Infoshareplus’s vision to build and invest in the creation of a purpose led UK software and data services business whose solutions are relied upon by clients to help them navigate and thrive in the ever-increasing complexities of the UK public sector.
Owen Mapley, CIPFA Chief Executive, said:
“CIPFA AssetManager.net and CIPFAstats+ are invaluable accounting and data analysis tools that for years have helped public sector leaders make clearer decisions. I am sure that they will go from strength to strength at their new home with Infoshareplus, and we look forward to working with them to ensure the sector continues to have access to these high-quality products. CIPFA will maintain our focus on delivering world-beating support and advisory services to the public sector to help tackle the complex issues that they face.”
Wayne Story, Partner at Omni, commented:
“Omni is dedicated to advancing the evolving needs of the public sector and building a platform of trusted software solution providers. In this first step, we’re excited to work alongside Infoshare’s data experts and invest in CIPFA’s high-quality software solutions, bringing increased efficiency and innovation to our public sector clients and adding value to all of their stakeholders."
Steve Thorn, incoming Executive Chairman at Infoshareplus, said:
“Having admired Infoshare from afar for many years, I’m excited to become Executive Chairman. Working with the Infoshareplus team to implement our ambitious growth plan presents a significant opportunity to strengthen our position as a trusted partner in the public sector. Infoshareplus will build on Infoshare’s fantastic reputation and the strong CIPFA products to develop new solutions, support ambitious product roadmaps and leverage the vast knowledge, experience and expertise we have across the newly strengthened organisation.”
Pamela Cook, CEO of Infoshare said:
“I’ve been honoured to steer the Infoshare ship for so long, earning our trusted reputation as a company that uses industry-leading technology to positively impact society. Omni is the perfect partner for us given Wayne’s experience transforming Civica into a fast-growing govtech software business during his tenure as CEO. The investment from Omni represents an exciting new era for us, allowing us to offer a wider range of data services to our clients. I’m looking forward to the partnership with both Omni and CIPFA as we bring forth our collective data solutions to solve some of the public sector’s biggest challenges.”
CIPFA’s AssetManager.net has been a trusted tool for local governments for three decades, helping manage capital accounting and fixed assets. CIPFAStats+, an interactive data analysis tool, enables public sector organisations to benchmark performance against peers, providing valuable insights into service improvement. Infoshareplus will provide ongoing service to CIPFA and the CIPFA membership base with the software solutions it has acquired, creating a valuable partnership between the organisations.
Notes to editor
- CIPFAstats+ provides data insights for informed decision making. It is an online, subscription-based tool compromising a set of interactive dashboards. These give you access to powerful, comprehensive data on the services you provide, how they are funded, capacity, resources, future trends in your area, and much more.
- CIPFA’s AssetManager.net is a web-based software for capital accounting and the management of property assets, designed specifically for public sector organisations.
- The new business will be named Infoshareplus. There will be further investment, both in acquisitions and integration of additional businesses and investing in product development and enhancement to meet the clients’ evolving needs.
About CIPFA
The Chartered Institute of Public Finance and Accountancy (CIPFA) is the only professional accountancy body dedicated exclusively to public finance, setting standards and offering guidance for public sector financial management. AssetManager.net is a web-based software for capital accounting and the management of property assets, designed specifically for public sector organisations. CIPFAstats+ provides data insights for informed decision making. It is an online, subscription-based tool compromising a set of interactive dashboards that give customers access to powerful, comprehensive data on the services they provide, how they are funded, capacity, resources, future trends in customer areas, and much more. More information is available on the CIPFA website.
About Omni
Omni invests in mission-led, fast-growing and profitable businesses that are looking for their first external capital. These are typically high-margin, UK-based companies that dominate their niche, are driven by culture-focused management teams and make at least £2m EBITDA. Omni approaches investing from a different angle. With a unique team make-up and approach, Omni focuses on shifting the odds in favour of success to turbocharge its investments and ensure that everyone wins together. Omni is authorised and regulated by the Financial Conduct Authority. Find out more on the Omni website.
About Infoshare
Infoshare stands apart in a world of data industry giants. The company’s software can help deliver multi-million pound savings annually. By focusing on data quality, data management and data governance, Infoshare’s software solutions creates value across organisations by providing mission-critical services such as reducing departmental costs and identifying children at risk, fraud, and vulnerable people. Find out more on the Infoshare website.