eflow Global, a compliance technology provider, has announced the successful management buyout of the company by its executive team.
The London-based company, which creates solutions for regulatory compliance, trade control, data management and workflows, has been growing steadily for several years.
The family-owned majority led the buyout of all remaining venture capital positions through a specialized financing structure provided by SME Capital.
The company says the buyout marks the beginning of a new period of technological innovation and geographic expansion.
“I’m very excited that we’ve achieved something that’s not typical of today’s fast-growing technology businesses—eflow is now majority-owned by executive management,” said CEO and founder Ben Parker.
“This feat would not be possible if we did not have such fantastic people at every level of the company.
“Of course, we think this move will be a big win for all of us at eflow, but the positive impact will be felt the most by our customers. With the successful closing of this deal, we are reaffirming our promise to put 60% of all profits back into research and development.”
The company now plans to capitalize on this newfound independence by expanding and strengthening its presence in key geographic hubs in the US and Asia.