Quality Clouds, the developmental governance platform for ServiceNow and Salesforce, has secured £3.5m of investment from funds managed by YFM Equity Partners (YFM), alongside participation by incumbent shareholders and incoming non-executive directors and advisers. Mark Sutherland has joined the board as chair and John McAdam as non-executive director, with Kevin Tumulty and Sander Daniels joining a new Strategic Advisory Board.
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Target – QUALITY CLOUDS LTD
Buyer – YFM EQUITY PARTNERS LLP
Buyer – Adara Venture Partners
Buyer – ALDEA VENTURES
Seller – Shareholders