Chief executive Michael Steckler said he would remain part of the company along with staff. Photo: Supplied
A British software giant is set to swoop in on New Zealand tech company Tradify.
UK-based Access Group will take full control of Tradify in a deal potentially worth more than $100 million, though the value has not been disclosed. The deal is subject to approval by the Overseas Investment Office.
Tradify provides job management software for trade businesses and has operations in Australia, New Zealand and the UK.
Chief executive Michael Steckler said the acquisition by Access - a group specialising in business management software for small and mid-sized companies - allowed it to meet its "ambitions as a company more quickly".
"With us certainly [being in] the trades industry, there was a real strong synergy with what they were doing and what we do, and we think they'll help us supercharge some of the product innovations we've delivered to our customers," Steckler said.
Steckler added it was a significant milestone for the Auckland-based start-up.
"We have been impressed by the Access Group's focus on customers and commitment to innovation," he said.
"We are excited to join the team where we can accelerate our ambitions, further enhance our customer experience, and become part of a bigger mission."
Steckler said he would remain part of the company along with staff and become part of the larger organisation.
Access ERP managing director Claire Carter said Tradify was a "great fit" for their business.
"The proven success and innovation from the Tradify team excite us and show huge potential for the future of this world-class product, in conjunction with the other solutions we provide today," Carter said.