Cloud on horizon for Blue Sky after Readify deal
Blue Sky Private Equity has acquired a majority stake in Victorian ICT company Readify in a $16 million deal.
The deal will give Readify access to a further $10 million in capital to support future growth and possible acquisitions. Blue Sky expects the investment to create around 150 jobs Australia-wide over the next three years.
Readify provides managed services, consulting and training on areas including application life cycle management, assessment and application support. The company is a Microsoft gold application development partner and a specialist in the Azure and .NET cloud platforms.
The company was founded in 2001 and has customers including Webjet, Seek, Australia Post, MYOB and Mater Health.
Readify Managing Director Graeme Strange said major IT trends such as cloud, mobility and big data were driving demand for innovative software. “Today, with ever greater technology choices, Blue Sky’s investment will enable us to take advantage of new and exciting growth opportunities.”
This is the second software foray for Blue Sky, following a $3 million investment in Adelaide-based health informatics company Alcidion in 2012.
Blue Sky Private Equity is part of Blue Sky Alternative Investments, an ASX-listed fund manager solely focused on alternatives.
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