Belfast-based compliance software developer AuditComply has been sold for an undisclosed sum to Toronto-headquartered cloud-based manufacturing software firm Nulogy.

AuditComply has developed a quality management platform which empowers manufacturers in multiple industries to track suppliers, drive higher quality, and increase throughput.

Led by Kevin Donaghy and Susan Fitzsimmons, the company has customers across the world using its software in 20 different languages.

The deal has resulted in a successful exit for Co-Fund NI, which was established by Invest NI and is managed by Clarendon Fund Managers. It invested in 2015 alongside a number of private angel investors, with further investment following from BGF and First Derivatives in 2017 and subsequently from British Business Investments through its Regional Angel Programme.