Invenio scores £11.6 million UK investment

Invenio Business Solutions has received an £11.6 million investment to help it grow via acquisitions.

The Reading-based  SAP supplier has been given the cash injection from UK investment firm Business Growth Fund (BGF).

Invenio CEO Arun Bala said: “Invenio was set up on the core values of exceptional customer focus, deep industry and technology expertise, transparency and employee care. Our core values, a unique culture and a highly valued customer engagement model, have helped us grow over the last 13 years and maintain deep relationships with our clients. “We are delighted to have BGF on board for the next stage of our journey and are looking forward to making the most of the team’s expertise in this space. BGF’s investment will help us continue to invest and grow to meet demand while keeping control of our business and staying true to our values.”

Invenio plans to scale its offering by improving the services it offers and through acquisitions.

The firm has more than 750 employees working for customers worldwide with delivery centres across seven countries: the UK, India, Mauritius, Saudi Arabia, Fiji, USA and UAE. Invenio’s customers include Universal Music Group, Kuehne & Nagel, the BBC and the Fijian and Saudi Tax authorities.

SAP named Invenio as one of its leading partners globally for tax and revenue management and the media industry.

The investment from BGF will help the business scale by expanding its offering, improving its services and growing through acquisition.