The deal is expected to provide a further $10 million capital to support Readify’s future growth and acquisitions, including its development across the corporate, government and not-for-profit sectors.
“The pace of change is accelerating all the time, leading to an increasing reliance on technology services across all business sectors,” Blue Sky Private Equity's Alexander McNab said.
“Readify’s ongoing success is based on a strong and loyal base of blue-chip clients, highly effective sales and marketing, a loyal team of high quality software developers and outstanding management.
“We believe they have an incredibly bright future.”’
Blue Sky Private Equity is part of Blue Sky Alternative Investments and the recent deal marks the second software investment for the private equity firm.
In 2012, Blue Sky Private Equity bought a $3 million stake in Adelaide-based health informatics company Alcidion.
Readify’s managing director Graeme Strange said IT trends such as mobility, cloud and new devices were driving a continued demand for technology.
“Great software innovation drives organisational productivity and profit, and Readify’s growth is directly attributable to the increasing number of businesses and government organisations that recognise this modern reality,” Mr Strange said.
“Our strong track record of growth is underpinned by employing outstanding technical staff and providing a flexible, supportive environment where great people can flourish.
“Today, with ever greater technology choices, Blue Sky’s investment will enable us to take advantage of new and exciting growth opportunities.”
