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Horizon invests in Ascent Software, acquires TechHuddle for £30M

Private equity firm Horizon Capital LLP made a majority investment in Ascent Software Ltd. and simultaneously acquired software development services company Techhuddle Ltd. in a £30 million deal.

Stewart Smythe joins the business as CEO, and will work alongside Ascent founder and COO Joseph Sultana, CFO Ben Hudson and CSO George Earp.