Why Settle have completed the acquisition of Nice Work Ltd in a six-figure deal supported by Royal Bank of Scotland. Nice Work supply software and services to the Merchant Services sector. Their technology is used by the UK’s leading Merchant Services providers, and the business has recently signed a Development Agreement to allow an international bank’s Merchant Services arm to expand into Europe.
Paul Brennan, chief executive of Why Settle, said:
“We are thrilled to acquire Nice Work Ltd today. It is a well-run and profitable business with a portfolio of genuinely market-leading software in the Merchant Services sector. It is a company which is growing in a sector which demands unparalleled service levels.
“Today’s news is the result of nine months of preparatory work between Why Settle, Liz Dicks and her team, Nice Work’s clients, and a small army of professional advisers.”
Liz Dicks, managing director of Nice Work Ltd, said:
“Nice Work and Why Settle first worked on a project together for 17 years ago. Since then we have collaborated regularly to our mutual benefit. Our teams have worked so closely together this year to ensure the success of this deal, we already feel like one team.
“I look forward to working with the Why Settle developers on a more formal basis going forward.”
Why Settle provides IT Managed Services and Software Services. The company have over 1000 desktops under management, 20% of which are outside Europe. Established in 1996, the company retains the most skilled IT staff in Scotland, 50% of the pre-acquisition employees have been with the company in excess of 15 years, building a vast reservoir of experience across some of the most high-dependency computer network environments in the country. We understand our clients’ businesses run on their network and that performance is critical to the success of their operation.
Nice Work Ltd was established in 1995 and provides software and related services to the Merchant Services sector, as well as to various Local Authorities across Scotland.