Tech firm acquires majority stake in specialist software company

Barron McCann has strengthened its tech presence following the acquisition of a specialist software company.

It has acquired a majority stake in Retail247 – a fast-growing software business known for developing intelligent, cloud-based systems for retail and trade sectors.

The debt-free acquisition strengthens Barron McCann’s position as one of the UK’s leading technology providers, delivering end-to-end technology solutions across retail, hospitality, and education.

Barron McCann is part of the wider Barron McCann group, which generates £50 million in combined revenue.

The company currently supports over 21,000 customer sites nationwide, offering expertise in hardware procurement, managed IT services and supply chain management software for clients including Papa Johns, Iceland and Vue Cinemas.

Managing director Scott Watson said: “Retail247 is a natural fit for our wider service and solutions portfolio, and this acquisition represents a key step in our expansion strategy.

“We are continuing to enhance the overall value we deliver to our customers across the group as we continue with our mission to provide a unified approach to technology solutions.”

Retail247’s technology is designed to accelerate operational efficiency and deliver agile, high-impact solutions that drive business change and profitable growth.

The London-based company, whose clients include Radley, Piglet in Bed and other major retail names, will continue to operate under its own brand, supported by Barron McCann’s Derby-based infrastructure and expertise.

Chief innovation officer, Craig Watson, who is responsible for Barron McCann’s mergers and acquisitions, said: “The addition of Retail247 further strengthens the software offering across our group and is the latest step in our exciting M&A strategy, enabling us to offer a broader and more diverse portfolio of services and solutions.”