MBO at Indigo Software
The senior management team at Indigo Software announces the successful completion of a management buy out of the company from founder, Peter McLane.
The move enables Indigo to continue its global expansion plans and technical development strategy for Indigo WMS, the company’s flagship warehouse management software and allows Mr McLane, who founded Indigo in 1980, to retire from the day to day management of the business. The MBO secures Indigo’s future as one of the UK’s leading independent WMS specialists.
A new executive management team has been announced with Mike Hill taking the role of CEO, supported by Bill Ginn as CFO and Darren Baxter as COO. Colin Hough and Mark Leavy will spearhead the sales effort. All other employees at Indigo will remain in their existing roles.
Mike Hill commented: “We are delighted to have completed the buy out and believe it is the best possible outcome for customers and employees alike. Indigo has a very loyal customer base and internal team, many of whom have been involved with the company for multiple decades and the MBO means we can continue with our strategic plans to further enhance Indigo technology.”