Allocate
Liberty advises the management team of Allocate Software on the sale to RLDatix
Liberty has advised the management team of UK-based Allocate Software, the leading provider of healthcare workforce management software on its sale to RLDatix, a specialist in governance, risk and compliance solutions for healthcare.
Allocate Software was previously owned by US-based investment firm Vista Equity Partners and private equity firm Hg Capital. Hg initially invested in Allocate at the end of 2014, completing a public-to-private transaction from the London Stock Exchange. Upon selling to Vista Equity Partners in 2018, Hg then reinvested later that year, acquiring a co-controlling stake.
This acquisition will combine RLDatix’s industry leading patient safety, risk, compliance and provider management capabilities with Allocate’s leading workforce management solutions, enabling both organisations to better serve their clients operationally and to support strategic initiatives.
Together, RLDatix and Allocate have more than 5,000 customers in 26 countries. Each month, 1.2 million staff utilise Allocate solutions to manage their working lives, over 1.4 million temporary staff shifts are filled and over 8 million hours of nursing care is redeployed.
Working with Simon and his fantastic team at Liberty has been a pleasure – they have worked collaboratively throughout with the Allocate team, Hg and Vista, to ensure that we move to the next phase of our evolution in great shape and aligned with our new partners on the journey, RLDatix
Nicholas Wilson
CEO of Allocate Software
The management team at Allocate with the support of Vista and Hg have built a world class business and Dan, Jun and I at Liberty are proud to have supported such an amazing team on their exit as they now join forces with RLDatix.”
Simon Hill
Partner
+44 (0) 7813 601 051
simon.hill@libertycf.co.uk