Boost Works

Founded in 2002 by Mike Morgan, Boostworks (formerly People Value) has established itself as one of the market’s key providers of software-as-a-service (SaaS) products for organisations looking to improve employee engagement and performance by delivering reward and recognition, benefits and wellbeing solutions.

Background

The business has experienced uninterrupted revenue growth for 15 years as a result of continued innovation and customer-centricity.

Boostworks is headquartered in Wheatley, Oxfordshire, from where it services c.400 customers from large enterprises to SMEs. The buyout presents an opportunity to continue to deliver strong growth through product innovation and further investment in sales, marketing and customer success.

Status

Current

Country

United Kingdom

Strategy

Private Equity

Sector

Technology & Software

Entry

March 2021

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”The market for technology-led employee engagement solutions is growing at an attractive rate and will become more crucial to organisations in a world of distributed workforces in which working from home is increasingly accepted. The Boostworks team have built a successful business that is highly regarded by its customers. We look forward to working with the wider management team to help deliver the next stage of growth and we are delighted to have given our private investors the opportunity to participate in this exciting journey.
Julian CarrCEO at Ethos Partners

”We are delighted with the opportunity to support the team through this next phase of exciting growth. The flexible nature of our capital will allow Boostworks to continue investing in its platforms to deliver an increasingly broad range of products and services to meet growing demand from its target customer base. It was a pleasure to work with , the Ethos team and the wider transaction stakeholders to deliver a bespoke debt package to support this transaction.
Jerry WilsonPartner at Harwood Private Capital

”Combining a scalable software platform with solid growth fundamentals, Boostworks unsurprisingly attracted strong interest from both trade and private equity, including, despite its relatively modest current scale, several interested overseas bidders. Ethos quickly got the management team and vendor comfortable with them as a future partner, generating confidence.
Richard HallPartner at Polestar Corporate Finance

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