Clearswift is backed and funded by a professional group of investors who provide us with the support we need to develop market-leading security products and offer exceptional client support.
Lyceum backed an MBO in November 2011
Lyceum Capital is an independent investment firm that invests in innovative and growing mid-sized UK- headquartered businesses; having acquired over 60 businesses in the UK and internationally over the last ten years. Lyceum plans to invest a further £300 million in the UK over the next two to three years.
Lyceum Capital makes highly targeted investments in mid-sized businesses with the potential to become larger participants in fragmented and growing sectors; and has a strong track record across a number of industries.
Lyceum Capital works alongside management teams to increase scale by driving growth through investing in infrastructure and improved operations as well as sourcing and funding complementary acquisitions in the UK and internationally. Through a combination of investment, operational and strategic input Lyceum Capital helps management build robust and successful businesses with good long-term growth prospects.
Board of Directors
Martin Leuw, Non-Executive Chairman
Prior to joining the Clearswift Board, Martin served as Group CEO of IRIS from 2001-2011, leading its growth from revenues of £9m to over £120m p.a. During this period, IRIS grew from an enterprise value of £30m to over £500m to become one of the UK’s largest private software houses, with market leading positions in a number of sectors and circa 60,000 business customers.
Martin has a BSc (Hons) in Management Science from Manchester University and qualified as a Chartered Accountant with Arthur Andersen.
In July 2006, Martin was named Entrepreneur of the Year in the Technology & Communication category in the Southern regional final of Ernst & Young’s Entrepreneur of the Year programme. In October 2009, he was awarded the new ICAEW Faculty prize at the Software Satisfaction Awards.
Martin has been a regular judge for the prestigious Real Business "Business of the Year" awards, speaks on entrepreneurship and business growth and is a columnist for Real Business and the Daily Telegraph.
Jeremy Hand, Non-Executive Director
Jeremy is co-founder of Lyceum Capital. Over the past 20 years, he has worked on numerous buy-outs, buy-ins and growth capital situations. Prior to founding the firm, Jeremy was a founding shareholder and partner of Duke Street Capital on its spin-out from Hambros plc.
Jeremy is past Chairman of the British Private Equity and Venture Capital Association (BCVA). He qualified as a Chartered Accountant with Coopers & Lybrand and holds a joint degree in computer science and accountancy from Manchester University, where he is also an honorary teaching fellow.
David England, Non-Executive Director
David has 20 years’ experience in senior roles at Computer Software Group, Solution 6 Group and Tyco International, with a particular focus on performance improvement, M&A and international growth. He is also a non-executive director of Access Group and Picsolve International.
David’s role is to drive operational improvements and provide consultancy to the Board. A qualified chartered accountant, David has a high degree of experience in the UK SITS market as MD and Group COO, and as non-executive director of private equity investee companies.
Heath Davies, Chief Executive Officer
Heath is an international CEO and investor with a particular expertise in driving substantial revenue growth by building strategic customer/partner engagements that deliver real customer advantage. Heath joined Clearswift in October 2012 and brings with him a wealth of experience in compliance, data and analytics. Heath has worked in the UK, Mainland Europe, North America, Australia, Vietnam, China, India and South Africa.
Before joining Clearswift, Heath was CEO of Alterian PLC, a market leader in big data analytics. During his time there led the successful transition and sale of the business to SDL PLC (lon:SDL) in 2012. Prior to Alterian PLC, Heath was at Sword Group (EPA:SWP) where he oversaw the profitable growth of the company from £25m to £150m over nine years, ultimately leaving the Group as CEO in 2010.
Heath holds a BEng (Hons) from University of Greenwich, London and is a UK Engineering Council Scholarship winner. He has attended executive education programmes at London Business School and Ashridge Management School.
Andy Balchin, Chief Financial Officer
Andy joined Clearswift in 2011 as CFO. He has been in the software business for 25 years, holding CFO and other senior finance positions at SmartStream, SeeBeyond, Documentum, Electronics for Imaging, Symantec, Ashton-Tate and Honeywell Control Systems. He has also held seconded positions in the Enterprise Business Agency and FAST (Federation Against Software Theft).
Andy has a history of driving profitable revenue growth in fast changing software organisations. Following his appointment as CFO of SmartStream in January 2007, Andy led the company through a full listing (IPO) on the London Stock Exchange. This in turn led to Dubai International Financial Centre Investments (DIFCi) buying SmartStream for £207m in December 2007, representing significant growth for shareholders and private equity investors, who had acquired the company for £85m just 11 months previously. Andy’s work on the SmartStream board involved close collaboration with the CEO and Dubai-based shareholders. His appreciation of the need to boost stakeholder value, combined with strong commercial and analytical skills, helped grow the business from £39m revenue in FY 2006 to £62m revenue in FY 2010, with an EBITDA margin of 25-30%.
Prior to SmartStream, Andy spent 6 years as European VP Finance at SeeBeyond, where he helped grow the European business from $6m to $70m revenue in 5 years. In 2005, SeeBeyond was acquired by Sun and Andy left in December 2006 following the successful integration of the two European businesses. Prior to SeeBeyond, Andy spent 5 years with Documentum as European Finance Director, helping it to grow from $6m to $60m revenue before being acquired by EMC.
Andy is ex-Deloitte Haskins and Sells and is a first-time pass qualified Chartered Accountant and a fellow of the Institute of Chartered Accountants in England & Wales (ICAEW). He is a Westminster University accountancy graduate.