29th September 2016
FPE Capital LLP (‘FPE’) has invested in Questionmark Computing Limited (‘Questionmark’), a leading provider of technologies and services which enable organisations to measure knowledge, skills and attitudes securely through reliable, valid and defensible assessments, and consequently achieve successful learning outcomes. FPE will be working with the management team, who will be the remaining investors in the business, to accelerate Questionmark’s impressive level of growth and product innovation.
Llewellyn John and Henry Sallitt of FPE will join the Board of Questionmark.
Commenting on the transaction, John Kleeman, Executive Director and Founder of Questionmark, said: “Questionmark is very excited to be partnering with FPE. We have enjoyed a leadership position in the assessment marketplace and working with FPE will help us leverage our experience and intellectual property to empower our team to bring great experiences to our customers for the future. ”
Llewellyn John, Partner at FPE, commented: "We are truly delighted to be working in partnership with Questionmark to enable it to continue its impressive growth trajectory. Questionmark has an outstanding reputation for providing assessment technology to high-consequence enterprise clients and has a number of exciting growth initiatives that build on its current platform. We are looking forward to working together with the team to realise these opportunities.”
FPE was advised on the transaction by Charles Russell Speechlys LLP, Grant Thornton UK LLP, Armstrong Transaction Services Limited, Intuitus Limited and Continuum Ventures Ltd. Questionmark was advised by Taylor Wessing LLP and ABG Corporate Finance LLP.
ENDS
For further information, please contact:
For FPE:
Henry Sallitt, Managing Partner, FPE +44 (0)20 7036 5747
For Questionmark:
Chloe Mendonca, UK Marketing Manager, Questionmark +44 (0)20 7263 7575
FPE Capital LLP is a growth private equity investor into UK lower mid-market companies. It targets businesses with advantaged business models that offer significant growth potential in large markets undergoing structural change. It is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com
Questionmark Computing Limited is a provider of technologies and services that enable organisations to measure knowledge, skills, and attitudes securely and achieve successful learning outcomes. Its solutions enable reliable, valid and defensible assessments by empowering learning and testing professionals with collaborative authoring tools, accommodating participant needs with blended and multilingual delivery and informing stakeholders through timely reporting and meaningful analytics.
www.questionmark.com