IEG4 secures minority investment from LDC to fund product development
LDC has taken a minority stake in the software firm to back its organic growth and product development strategy.
IEG4 develops software solutions that enable public sector organisations to streamline digital services and integrate back-office systems. Based in Cheshire, the firm works with local authorities to improve online customer portals.
Software provider IEG4 has secured a minority investment from private equity firm LDC to support its ongoing expansion. The transaction was managed through LDC, with the backing intended to fund new product development and enlarge the company's technical team. Managing Director Paul Tomlinson will continue to lead the business alongside his existing executive team. John Clarke and Jacob Leone from LDC will join the board of directors as part of the agreement.
From the founder
"Through the on-going development of our innovative software solutions, we have been helping organisations on their digital transformation journeys for the last 15 years. With demand increasing, LDC’s investment is crucial for us to continue to innovate and create market-leading solutions for our growing customer base."
Paul Tomlinson
Managing Director at IEG4
Investor perspective
"Paul and his team truly understand their clients and their customers’ digital experience. With a strong culture that focuses on developing talent and delivering software solutions that make people’s lives easier, we’re looking forward to helping them to bring more cutting-edge technology to the market."
John Clarke
Investment Director, LDC
Use of funds
- 01Continue product development
- 02Grow the team
