30 May 2019

Texthelp secures investment from LDC to accelerate international growth

LDC has backed Texthelp to support its software proposition and international expansion.

£19.0M

Texthelp provides literacy and numeracy software for education and corporate sectors globally. The firm supports users with reading, writing, and language difficulties.

Texthelp has secured a significant investment from LDC to accelerate international expansion and drive product development. The Belfast based education and corporate software provider generates annual revenues of £19m and operates across multiple global markets.

The capital injection will help the management team scale operations and expand into new regions, building on its transition to a software as a service model. Delta Partners exits its position following the transaction after supporting the company from its earliest start up stages.

LDC backs the existing leadership team, with Steve Aston and Joseph Fison joining the board alongside incoming non-executive chairman David Gilbertson.

From the founder

"Texthelp was founded on our vision of a world where difference, disability or language are no longer barriers. With LDC’s help we can further our commitment to helping unlock everyone’s full potential. This partnership gives us the added resources and expertise to bring our services to more organisations across the globe. LDC has a longstanding reputation of supporting technology firms and we look forward to working alongside their team during the next phase of our journey."

Mark McCusker

CEO at Texthelp

Investor perspective

"Texthelp is widely recognised as the market leader in its space based on its advanced products and global presence. Assistive technology not only helps people feel more confident but can also aid productivity. We are looking forward to working with Mark and his first-class team to bring Texthelp’s services to more people worldwide and continue to improve products to provide a best-in-class customer experience."

Steve Aston

Director, LDC