Hamilton Locke is delighted to have assisted LG Software Solutions Pty Ltd, trading as Pulse Software, on the partial divestment by its founders and significant investment from Accel-KKR backed Springbrook.
Founded in 2011 by Geoff Reeves and Thomas Rajanayagam, Pulse Software is an Australian based software company that offers an array of process business management software modules and is an Enterprise Software partner for Australian government agencies. Springbrook Software is a US cloud-based finance and administration software provider for local government agencies and was acquired by Accel-KKR in 2019.
The team at Hamilton Locke comprised of Partner Jo Ruitenberg, Senior Associate Hannah Jones, Lawyer Ally Frizelle, and Associate (admitted in Northern Ireland, not admitted in Australia) Hayley Cummings with assistance from specialist team members Timothy Zahara, Cormac Foley and Janice Yew.
Commenting on the transaction, Hamilton Locke Partner Jo Ruitenberg said: “It was a pleasure working with founders Thomas and Geoff on their partial divestment to Springbrook. This was a significant milestone for Pulse and we were proud to be able to support our client to achieve a successful outcome in a tight timeframe.”
The Hamilton Locke team thanks our co-advisor Nick Delaney from GHR Accounting Group who provided financial advice to Pulse Software.
