Artisan Software Tools has announced the conclusion of a management buy-in/buy-out.
The company will continue to focus on the sale of Artisan Studio, its all-in-one UML, OMG SysML and Architectural Framework tool suite, into the market for the analysis, design and development of large-scale, complex, mission-critical embedded systems and software within a broad range of applications from military, aerospace and defense through to automotive and industrial automation.
Artisan’s new management team intends to deliver an integrated application lifecycle environment, allowing systems and software engineering teams to work as one – from concept through to delivery and maintenance of complex, mission-critical systems.
Alan Stevens, formerly CEO of EDS’ UK operations steps in as Chairman and James B. Gambrell, the CEO of the metadata management enterprise software company, Adaptive, becomes president and CEO.
The other members of the team include Jeremy Goulding as chief commercial officer, Peter Kibble as head of UK Sales, Simon Moore as V.P. development and David Kiernan as V.P. finance.
The buy-out, financed by management, employees and Quester VCT, sees existing investors 3i, Pond Ventures and Pi Capital successfully exit from their original investments. Quester VCT now becomes the company’s largest institutional investor. The employees’ investment in the company is managed by an Employee Stock Option Plan (ESOP). The company is now controlled by its management and employees through its majority shareholding.