Listed decision intelligence software provider ActiveOps has acquired its competitor Enlighten for a fee of around £16m.
The deal will improve the Reading-based firm’s software offering and strengthen its position in the North American and Asia Pacific markets.
It is also estimated that it will increase the company’s ARR by around £8m, whilst doubling its revenue in North America.
Two of Enlighten’s co-founders, Tony Tregurtha and Andrew Johansen, will assume sales and customer relationship leadership roles in North America and Australia respectively.
The Sydney-headquartered business was founded in 2003 and provides operational excellence solutions to over 20 enterprise customers.
It generated £11.9m in revenue for the last 12 months ending 31st May 2025 and had an EBITDA loss of £800,000.
“The acquisition of Enlighten significantly expands our presence in the North American and Asia Pacific markets, brings major enterprise customers into our organisation and accelerates our product roadmap in the area of organisational transformation where the Enlighten team have developed a strong software solution and skillset,” said Richard Jeffery, executive chair of ActiveOps.
“We believe the combination of the two businesses will bring considerable additional value to both customer bases and provide for increased shareholder value.
“We look forward to welcoming the Enlighten team and customers into the ActiveOps organisation and are confident of continued growth and success.”
Tregurtha added: “We are delighted to be joining ActiveOps, an organisation very much aligned to our values and ethos.
“Richard and the team have established a market leading position in our industry, and we are confident ActiveOps will be the right home for our customers, team and offering, enabling the next stage of our journey.”
ActiveOps is listed in London and has a market cap of just under £100m.
So far in 2025, it has seen its share price rise from 109p to 140p.
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