YFM invests in Scottish resource planning company Cooper Software

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YFM Equity Partners (YFM) has completed an investment from its Buyout Fund II in Cooper Software, a Scotland-based enterprise resource planning (ERP) software specialist.

Founded in 2005 by Managing Director Frank Cooper, the company provides products, consulting services and support to approximately 300 customers around the world.

Based in Dalgety Bay, Cooper Software has grown to employ more than 70 people and is expected to reach £ 6.7million in revenue this year.

The company has strengthened its board of directors over the past six months, with the recruitment of experienced IT and software services specialists Jonathan Dunn as Managing Director of the IFS Division and David Greenlees as Commercial Director.

Andy Thomas, YFM Partner, commented: “With the growth of the global ERP market having accelerated as companies turn to technology to generate more value, the sector has enormous potential as companies seek to maximize benefits. of digital transformation through greater automation, emerging technologies and data intelligence, as well as protection against some of the modern challenges presented by the pandemic, such as remote working.

“Cooper Software has demonstrated its ability to truly understand the business operations of its customers and, in partnership with IFS and NetSuite, to implement market-leading ERP software to create tailor-made solutions.

“The addition of its own ProScope product has also shown the company’s potential to develop cutting-edge and modern software tailored to its target industries, and we believe there is a real global opportunity to target new international markets with plans already underway to expand into Germany. “

Cooper commented, “As we seek to maximize opportunities, YFM membership is a key part of this strategy, giving us the flexibility and backup that will allow us to execute our Cooper Software growth plan at the same time. significantly and quickly. “

YFM’s investment team consisted of Andy Thomas, Laura Sisson and Ian Waterfield, while Steve Harrison will join the Cooper Software board of directors.

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