NorthEdge acquires employee engagement software provider Oak Engage from Maven Capital Partners.
NorthEdge has acquired Oak Engage following a period of revenue growth and expansion backed by Maven Capital Partners.
Oak Engage develops and provides an employee engagement and intranet SaaS platform. Its digital workspace helps major brands improve internal communication and collaboration.
Maven Capital Partners has completed the exit of its investment in Newcastle-based software provider Oak Engage following a period of transformative growth. The enterprise has been acquired by NorthEdge, generating strong returns for investors.
Since receiving initial backing from Maven client funds in 2018, Oak Engage expanded its product offering and built an enterprise client base including NatWest Group, Burger King UK, and Aldi. The fresh backing from NorthEdge will support the firm as it capitalises on rising demand for workplace engagement solutions.
Investor perspective
"Our partnership with Oak Engage has been both highly productive and rewarding for all involved, which is testimony to the skill and strategic insight of CEO Will Murray and his talented management team. Over the course of the investment period, we have supported the business in executing its go-to-market strategy for its cloud-based SaaS product, built an impressive customer base of major global brands, and accelerated revenue growth. From being a business with high potential, we are delighted to see Oak Engage now established as a global player offering a comprehensive, feature-rich solution to businesses looking to foster a stronger company culture."
Michael Vassallo
Investment Partner, Maven
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About the company
Oak Engage
Oak Engage provides an employee engagement and intranet SaaS platform for enterprise clients.