CIPHR acquires Digits Industries
HMT LLP advised LDC-backed HR software solutions provider CIPHR Ltd on their acquisition of Digits Industries Ltd to offer seamless HR and learning solutions.
CIPHR is one of the UK’s most trusted HR systems providers and supplies UK small and medium sized businesses with HR Software as a Service (Saas), payroll software and eRecruitment solutions to enable their customers to manage their workforce more effectively.
CIPHR has partnered with Digits since 2018 to provide learning management solutions to CIPHR customers, integrated with CIPHR’s people management solutions, and making it easy for organisations to create, deliver and manage engaging online learning activity. Through the partnership with CIPHR, Digits has been able to grow the use of their LMS tools substantially. The two businesses already have more than 20 mutual customers, including social care provider Certitude, housing association United Welsh, and Dudley Building Society.
Following the transaction, Colin Bull, founder and managing director of Digits, will remain with Digits.
The move follows CIPHR Group’s successful acquisition in December 2019 of Payroll Business Solutions (PBS).
HMT undertook financial due diligence for CIPHR on this transaction.
Graeme Scott, CFO at CIPHR commented:
Paul Read commented:
“We are delighted to have advised CIPHR and LDC on another acquisition following the MBO in 2016 and the acquisition of PBS last year. CIPHR has continued to strongly perform this year and with LDC’s support, the business has developed a strong strategy of organic growth and buy-and-build. We are looking forward to working with them again in the future.”
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