The buy-out of Manchester, UK-based NCC was led by CEO Rob Cotton, who will take a 35% stake in the business, and Barclays, which will hold the remaining 65%, and will involve Cotton purchasing stakes from a number of directors, which have now left the company.
NCC, which employs 150 people, develops a bespoke assurance applications and consulting, testing and outsourcing services under the Escrow banner, and claims to have made revenue of 11.6m pounds ($18.2m) in 2002, with profits of 3.4m pounds ($5.34m). NCC claims to have 10,000 individual customer contracts in the UK market and assures over 250m pounds ($392.5m) worth of software applications.
Source: Computerwire
