September 2021
RLDatix
Allocate Software
Adviser to RLDatix on the acquisition of Allocate Software
£921 million
Grant Thornton team
Technology
Buy side
Operational deal services
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We are delighted to have advised RLDatix on their acquisition of Allocate Software

RLDatix provides a broad range of governance, risk and compliance (GRC) software solutions to healthcare providers globally. It is backed by TA Associates, Five Arrows and Nordic Capital. Allocate Software (Allocate) provides comprehensive Human Capital Management (HCM) software solutions to the same industry.

RLDatix entered into an agreement to acquire Allocate – a combination which would be transformational for both businesses. The rationale for the deal included benefits arising from cross selling complimentary GRC and HCM product sets, geographic fit, significant cost synergies and creating a scaleable platform for future acquisitions. 

Our experienced team worked with the enlarged RLDatix team to deliver the integration successfully, exceeding the financial benefits which were targeted. The acquisition of Allocate was transformational for RLDatix and created a market leading healthcare software business, a highly scaleable platform for further acquisitions and a global organisation of over 1,400 people.

Testimonial
We retained Grant Thornton UK to advise us on the complex integration of Allocate Software, by far the largest acquisition in RLDatix’s history. The team was well-versed in both the art and the science of significant acquisition integration projects, bringing focused execution, functional expertise, and pragmatic, holistic solutions to the table. Their proactive leadership and mature, diplomatic approach made them a pleasure to work with and contributed substantially to the ultimate success (both financially and operationally) of a very complex, nuanced, and global integration. I recommend Grant Thornton without reservation.
Peter Holbrook Chief Financial Officer, RLDatix