Codeweavers announces management buyout

Time 12:41 pm, November 24, 2015

RAPIDLY-expanding finance technology experts Codeweavers has announced a management buyout that managing director Roland Schaack says is ‘a key factor in our plans to drive our growth momentum’.

The Staffordshire-based company, which was founded in 2001 and was the first software provider to develop products such as financial calculators for motor finance, has grown tremendously in terms of scale and innovation since then.

Today, Codeweavers has established a strong reputation with dealers, manufacturers and fleet service providers for service, original thinking and – crucially – for delivering software on-time and on-budget.

Schaack explained that the team would be working hard to maintain Codeweavers’ good name.

He said: ‘The management buyout sees the key people who currently lead the business taking an active stake in our future. For our customers and prospective customers, continuity and commitment are further enhanced. As a business this same assured continuity strengthens our long term plans and growth momentum.’

Joining Schaack and Ian Bullough as shareholders in the business are sales director Shaun Harris; operations director Craig Judson; infrastructure director Robert Emery and development director Tom Wollert.

Schaack said: ‘Looking ahead, customers can be assured that the course we have long charted in terms of delivery, support and innovation will be continued.

‘The market for financial services is highly dynamic and we are committed to providing the software that enhances the move to digitisation in a highly compliant manner.

‘We want to make it easier for our customers to make accessing finance easier for their customers and delivering this on time and on budget.’

MORE: West Way Nissan invests in the future

MORE: Vauxhall repeats emissions cheat denial

MORE: Milestone for Cambria as sales exceed £500m

On Want a Ford GT? Why not print one?

Dave Brown's avatar

Dave, production editor on Car Dealer Magazine, is a journalist with more than 30 years' experience in the worlds of newspapers, magazines and public relations.

More stories...

Server 190