Lyvia Group acquires Public-i
Lyvia Group, the European investment company, today announces the acquisition of Public-i, the UK’s leading provider of live streaming and audio-visual technologies that are transforming how local government is conducted in the UK.
Public-i’s proprietary technology clears the way for remote and hybrid government meetings during which participants can vote and share confidential information in a secure environment, boosting participation and guaranteeing security, transparency, and governance.
It is currently used by over 30% of local governments and councils in the UK, along with several partners in Ireland and Denmark, and plans to support more local agencies in the UK and Europe in coming years.
“Democracy needs an injection of technology,” said Rob Dembitz, Investment Partner at Lyvia Group in the UK. “Local governments take the decisions that affect everyone directly. Public-i clears the way for people everywhere to get involved in these crucial discussions.”
“We are proud of what we have achieved so far, but it is time to take our company to the next phase,” said Alan Price, CEO of Public-i. “This investment allows us to stay in charge of the company we have built, while at the same time access the funds and expertise that will allow us to grow further.”
Public-i was founded in 2003, has 40 employees, and offices in Hove and Halifax. Traditional streaming platforms have not been able to meet local government requirements for security, accountability and voting technology, which has generated a period of growth for Public-i as demand for their bespoke service increases.
The acquisition marks the entry of Lyvia Group into the UK private equity market. The Stockholm-based company has a successful track record investing in technology-related companies across the Nordic region and beyond.
Lyvia Group is privately owned and specialises in backing entrepreneurial companies offering software solutions and niche IT services. It has opened a new office in London and plans to build a portfolio of alluring, high growth niche technology companies in coming years.
Read more about Public-i here: https://www.public-i.tv/
Read more about Lyvia here: https://lyviagroup.com/
Lyvia Group were advised by Cripps (Legal DD) and Knight Transaction Services (Financial DD).
About Lyvia Group:
Lyvia Group is a European group that invests in entrepreneurial companies offering software solutions and niche IT services. Founded in Sweden 2020 with the goal of being an active owner and business partner to small and medium-sized companies that have continued control their own operations. Today Lyvia has a presence in Europe with key markets in UK, DACH, Benelux, CEE, and Spain.
For more information, please contact:
Rob Dembitz, Investment Partner, Lyvia Group, at rob.dembitz@lyviagroup.com
Anirban Bhaumik, Investment Partner, Lyvia Group, at anirban.bhaumik@lyviagroup.com