YFM Sells Part of Forecasting Firm Vuealta to Anaplan

YFM Equity Partners has sold part of its London-based forecasting software and services business Vuealta to business planning software company Anaplan.

Founded in 2017 by Ian Stone and Adam Bimson, Vuealta delivers scenario planning and forecasting solutions for supply chain, finance and operations through the Anaplan platform. In 2021, funds managed by YFM completed a multi-million-pound investment in Vuealta.

In the past eighteen months, YFM has invested a total of £5.6m in Vuealta, and says it remains invested in the core Vuealta consulting business, to support its next phase of growth. YFM Partner David Wrench adds that his company has realised a 'strong return' for its investors through the partial sale.

As part of the deal Vuealta's nineteen employees, including Stone, have moved to Anaplan's global team. Chairman Philip Hunt continues with Vuealta, with Nigel Gale (pictured) promoted to Chief Executive Officer of the global business. Hunt comments: 'I am delighted Nigel Gale will be leading Vuealta going forward. A highly experienced industry veteran, Nigel has been part of Vuealta and Anaplan since 2015, making him ideally qualified to lead our business'.

Terms of the deal were not disclosed.

Web sites: www.yfmep.com , www.vuealta.com and www.anaplan.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.