LONDON: ActiveOps plc (AIM: AOM), a global leader in Decision Intelligence software for service operations, has acquired Enlighten, a workforce optimization software and professional services firm, in a deal worth up to $21.5 million (£15.9 million).
The acquisition, funded through existing cash reserves and future operating cash flow, is expected to double ActiveOps’ North American revenue and expand its footprint in the Asia-Pacific (APAC) market.
Key Benefits of the Acquisition
- Revenue Growth: Adds $11 million (£8.1 million) in Annual Recurring Revenue (ARR).
- Earnings Boost: Expected to increase EPS by at least 15% in FY 2027.
- Market Expansion: Strengthens presence in North America and APAC, with cross-selling opportunities for ActiveOps’ CaseworkiQ and WorkiQ solutions.
- Enhanced Software Capabilities: Accelerates development in organizational transformation, a key growth area.
- Cost Synergies: Long-term savings expected as operations merge.
Enlighten at a Glance
- Founded: 2003 | Headquarters: Sydney, Australia
- Customers: 20+ enterprise clients in financial services, insurance, and healthcare.
- Revenue (LTM to May 2025): $15.3 million (£11.9 million)
- SaaS Run Rate: $11 million annually
Two Enlighten co-founders, Tony Tregurtha and Andrew Johansen, will join ActiveOps in leadership roles, focusing on North American and APAC customer relations, respectively.
Deal Structure
- Initial Payment: $8.5 million (£6.3 million) in cash.
- Deferred Payments: Up to $13 million (£9.6 million) tied to performance milestones through June 2027.
Leadership Perspectives
Richard Jeffery, Executive Chair of ActiveOps, said:
“This acquisition accelerates our growth in key markets and enhances our organizational transformation capabilities. We welcome Enlighten’s team and customers and see strong value creation ahead.”
Tony Tregurtha, Enlighten co-founder, added:
“ActiveOps shares our values and vision. We’re excited to join a market leader and drive the next phase of growth.”
ActiveOps had £21 million in net cash as of May 2025, positioning it for continued strategic expansion.