Midven Sells Employee Optimisation Software Company Silver Lining Solutions

3 Exits in 3 months12th April 2017

Third exit in three months for Birmingham-based venture capitalists

Venture capital specialists Midven has completed the sale of Solihull-based company Silver Lining Solutions – this deal is the third successful exit completed by Midven in the space of three months.

Silver Lining Solutions is a provider of industry-leading employee performance optimisation software and has helped some of the world’s best-known organisations improve employee performance to boost sales, customer service and operational effectiveness. The Company has been acquired by US-based Genesys, an industry-leading omnichannel customer experience firm.

Midven originally invested in Silver Lining Solutions through its Advantage Growth Fund in 2004. Through a combination of its financial backing and ongoing strategic advice, Midven supported Silver Lining Solutions over the last decade through the company’s evolution to becoming a leading cloud-based solution and its market expansion into Asia Pacific and the US.

Stephen Edwards, chairman of Silver Lining Solutions, said: “This move was a logical step for us in our company’s journey. Ultimately, we are all about companies improving their bottom line, and the partnerships we have developed along the way, through investment and through strategic advice, have ensured that our offering precisely mirrors what the marketplace requires.”

Roger Wood, director at Midven, said:  “We establish long-term partnerships with our investee companies, often supporting them through a number of funding rounds in order to help them achieve their growth plans, and Silver Lining Solutions is an excellent example of this approach.“

The sale of Silver Lining Solutions follows the recent exits of two other Midven portfolio companies Prolojik and Allinea.

Silver Lining Solutions, Allinea and Prolojik were all funded by Midven’s Advantage Growth Fund, a £17.5 million fund established in 2003 to provide investment to high-growth start-ups and early-stage businesses within the West Midlands. In addition to these recent exits, other notable Advantage Growth Fund successes in growing businesses with strategic value include Scriptswitch which had a 36x return on investment (ROI); Dynamic Change with 8x ROI; and Midland Industrial Glass with 7x ROI.

Roger Wood, continued:  “The exits in Silver Lining Solutions, Allinea and Prolojik over the last three months is a continuation of Midven’s long list of successful exits. Venture capital to us is about more than money — we work closely with our companies to steer and shape strategy and these outcomes are ultimately reward for the hard work of the management teams in driving their businesses to become market leaders. Positioning to exit these companies at the right time delivers successful outcomes for all parties.”

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