We have advised the shareholders of Momote Limited, the company behind the innovative SaaS solution MyMobileWorkers, on the sale of the Company to Asolvi. The deal will see Asolvi acquire 100% of Momote and add the highly skilled Momote team to the expanding Asolvi UK organisation.
Our was led by corporate partner Andrew O’Mahony and legal director Daniel Hayhurst, supported by associate Alex Thow.
MyMobileWorkers is a highly scalable, cloud-based SaaS platform that helps businesses manage their workforces and optimise operations. It records vital data and enforces photos and signatures, while also including calendar, scheduler, customer portal, and alerts delivery modules. The company, which is heavily focussed on National Highways Sector Schemes (NHSS), also deploys its software across civil engineering, concrete services, fencing, street lighting, groundworks, and road maintenance. In addition, MyMobileWorkers is used by field service, property maintenance, and waste businesses.
Since its inception, Momote has built an impressive customer base, including Highway Assurance, Direct Traffic Management, Herts Traffic Management, and National Roadsweepers. Momote's acquisition demonstrates the strategic importance Asolvi places on building brand presence in the traffic management and highways maintenance sectors — areas where Asolvi's management, board and investors believe there is strong future growth potential.
Commenting on the transaction Graham Whistance, CEO of Momote, said: "Joining the Asolvi family is a logical step for us. Bringing together our experience will help build on our proven track record, add resources, and further develop the platform — all at a much faster pace than we could have achieved ourselves. On this momentous day, I reflect on our status as one of the UK's leading mobile workforce management solutions providers. I can't wait to see how Asolvi will help entrench this position and to witness all the positive benefits that its long-term investment will deliver for all of us."
The sale has also provided an exit for the Liverpool Seed Fund, managed by MSIF’s wholly owned fund manager subsidiary Alliance Fund Managers (AFM), who invested to support the growth of the business. Marion Savill, AFM Portfolio Director said “Being part of the Asolvi group creates exciting new opportunities for the Momote business to expand further into new markets. We are delighted to see another portfolio exit and we wish them every success for the future.”
Daniel Hayhurst, a member of our specialist Tech Sector Group, added “Having supported Momote for a number of years, it has been a pleasure to assist the shareholders in securing a successful exit to Asolvi. We are continuing to see strong appetite from acquires for scalable SaaS solutions and Momote is an excellent example of the change and innovation that such solutions can bring to established industries. We are sure that Momote will continue to thrive and grow as part of the Asolvi group.”
