Aliter backed TXP acquires Gen technology specialist Metatech

Deal supports scale-up of leading UK digital transformation and resourcing solutions group  

John Antunes, CEO, TXP (L) and Andy Scott, director, Metatech (R)

TXP (Technology x People), a portfolio company of Aliter, has completed the acquisition, for an undisclosed sum, of Metatech Solutions Ltd. (Metatech), a highly specialised software company focused on automated Gen modernisation and migration solutions.

Metatech now becomes part of Aliter backed TXP, which delivers IT consulting, technology development and people resourcing to a diversified blue chip customer base.

Newcastle based Metatech offers a range of highly specialist IT automation solutions for the model-based development CASE (Computer-Aided Software Engineering) tool Gen.  Its proprietary suite of automation tooling, called ‘MigrationWorks’, supports the key technical stages of a Gen legacy modernisation project.   

In recent years, Metatech’s work has been within the public, financial services, insurance, healthcare, aviation, automotive, telco and system integrator sectors, both in the UK and internationally. The firm has established a leading reputation in the automated Gen legacy modernisation and migration space, including regular collaborations with TXP.

Greig Brown, Aliter partner said, “The outlook for the conversion market is positive with increasing activity in modernising legacy IT systems. With its proven track record and proprietary technology, Metatech helps place the group in a strong position to benefit from this growing market.  As part of our portfolio of investments in the UK support services sector, we have, in recent years, invested significantly and successfully in the ICT services sector. Drawing on the knowledge, understanding and experience we have gained in the sector, we very much look forward to working with the team at TXP to support and grow the business, including further acquisition activity”.

Metatech’s senior management team is led by Andy Scott, who is remaining with the business to work closely with TXP’s CEO, John Antunes, to support further growth.