13 November 2024

Omni expands into Govtech with acquisition of Infoshare and CIPFA software assets

Omni expands into Govtech with acquisition of Infoshare and CIPFA software assets image

Omni Partners ("Omni") is pleased to announce its acquisition of Infoshare, a leader in data management, alongside two key software solutions from the Chartered Institute of Public Finance and Accountancy (CIPFA): AssetManager.net (an advanced asset management platform) and CIPFAStats+ (an interactive data analysis tool).

These acquisitions form the foundation of the rebranded Infoshare+, an organisation that aims to transform government technology (govtech) services in the public sector. Infoshare+ is the first step in Omni’s strategy to create an innovative, scalable software and data platform dedicated to enhancing public sector decision-making and service delivery. By integrating Infoshare’s industry-leading technology and vast data expertise with CIPFA’s trusted software assets, Infoshare+ will help local government and other public sector clients (such as blue light) improve service efficiency, data accuracy, asset management and performance benchmarking, as well as produce data analytics and insights. The company will address a gap in the fragmented govtech market that is currently dominated by a handful of large consolidators that often overlook the smaller government software providers.

Founded in 1996, Infoshare has a long-standing reputation for enabling public sector organisations to create a “golden record” by cleaning and matching large volumes of data from multiple sources to provide an accurate single view of customers’ data. This capability is crucial in the UK public sector, where discrepancies across sources often lead to inefficiencies and data inaccuracies. It has become even more relevant as organisations increasingly explore the use of AI, where an accurate data foundation is key. Infoshare’s impressive client roster includes the Met Police, Royal Mail and many local authorities.

The newly integrated CIPFA software solutions will enhance the value Infoshare+ offers its clients. AssetManager.net has been a trusted local government tool for three decades, helping to manage capital accounting and fixed assets. CIPFAStats+, a subscription-based data management tool, enables public sector organisations to benchmark performance against peers, providing valuable insights into service improvement. Infoshare+ will provide ongoing services to CIPFA and its membership base through the acquired software solutions, creating a valuable partnership between the two organisations.

The transaction provides Omni with the platform to make further investments in the sector. In addition to supporting the continued development and improvement of the existing software solutions, Omni is also seeking to identify interesting data partnerships and additional public sector-focused software providers with complementary govtech products. The Infoshare+ leadership team will be bolstered by seasoned ex-Civica executive, Steve Thorn, who will serve as Executive Chairman. Pamela Cook, current CEO of Infoshare, will lead business development for Infoshare+, ensuring that client needs remain at the forefront of the company's growth plans.

Wayne Story, Partner at Omni, commented: “Omni is dedicated to advancing the evolving needs of the public sector and building a platform of trusted software solution providers. In this first step, we’re excited to work alongside Infoshare’s data experts and invest in CIPFA’s high-quality software solutions, bringing increased efficiency and innovation to our public sector clients and adding value to all of their stakeholders."

Steve Thorn, incoming Executive Chairman at Infoshare+, said: “Having admired Infoshare from afar for many years, I’m excited to become Executive Chairman.

"Working with the Infoshare+ team to implement our ambitious growth plan presents a significant opportunity to strengthen our position as a trusted partner in the public sector.

"Infoshare+ will build on Infoshare’s fantastic reputation and the strong CIPFA products to develop new solutions, support ambitious product roadmaps and leverage the vast knowledge, experience and expertise we have across the newly strengthened organisation.”

Pamela Cook, CEO of Infoshare said: “I’ve been honoured to steer the Infoshare ship for so long, earning our trusted reputation as a company that uses industry-leading technology to positively impact society. Omni is the perfect partner for us given Wayne’s experience transforming Civica into a fast-growing govtech software business during his tenure as CEO. The investment from Omni represents an exciting new era for us, allowing us to offer a wider range of data services to our clients. I’m looking forward to the partnership with both Omni and CIPFA as we bring forth our collective data solutions to solve some of the public sector’s biggest challenges.”

Owen Mapley, Chief Executive of CIPFA added: “AssetManager.net and CIPFAstats+ are invaluable accounting and data analysis tools that for years have helped public sector leaders make clearer decisions. I am sure that they will go from strength to strength at their new home with Infoshare+, and we look forward to working with the Infoshare+ team to ensure that the public sector continues to have access to these high-quality products. CIPFA will maintain our focus on delivering world-beating support and advisory services to the public sector to help tackle the complex issues that they face.”

Omni was advised by Mayer Brown (Legal), Dow Schofield Watts (DSW) (Financial & Tax), RSM (Tax Structuring), LucidIQ (Technology) and CCC Contract Consultancy (Contracts). Infoshare was advised by Squire Patton Boggs (Legal) and WTA Partners (M&A). CIPFA was advised by Keystone Law (Legal).

SIGN UP
For your free daily news bulletin
Highways jobs

Chief Executive

Ebbsfleet Development Corporation
up to £165,000
Ebbsfleet is one of the UK’s most ambitious regeneration projects, a 21st-century Garden City Ebbsfleet, Kent
Recuriter: Ebbsfleet Development Corporation

Virtual School Inclusion Support Officer

Essex County Council
£32768.0000 - £38550.0000 per annum
Virtual School Inclusion Support OfficerPermanent, Term Time£32,768 to £38,550 per annum (full time equivalent)Location
Recuriter: Essex County Council

Senior Business Development Officer

Essex County Council
£36341.0000 - £42754.0000 per annum
Senior Business Development Officer - Integrated Passenger Transport UnitFixed Term, Full Time£36,341 to £42,754 per annumLocation
Recuriter: Essex County Council

Adults Social Worker - Neighbourhood Team

Essex County Council
£37185 - £50081 per annum + Flexible Working, Hybrid Working
Interview dates
Recuriter: Essex County Council

Investment Marketing and Web Officer CDC

City Of Doncaster Council
Grade 8, £33,708 - £37,399
The postholder should be experienced in planning social media activity, refreshing web content and analysing their impact. Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council
Linkedin Banner