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IT Due Diligence for Synova (Unity5)

Service: IT Due Diligence

Industry: Parking & Traffic Management

Participants: Synova, Unity5

Intechnica delivered IT Due Diligence to Synova in support of their recent investment in Unity5, a leading software provider for the parking and traffic management sector.

Founded in 2010, Unity5 provides real-time enforcement and permitting software to both local authorities and private parking companies through “ZatSuite”. Unity5’s range of SaaS products enables clients to monitor and manage traffic, parking, and environmental regulations efficiently and reliably. Over the last three years, the UK-based business has grown rapidly achieving a 42% CAGR.

Synova’s investment will support Unity5 to expand their technology platform and international footprint.

Thanks to Gyles FosterRachel NgAleksandar M.Carl PanterRobin Ferguson and David Horton for their hard work.

We’re looking forward to the next step on our growth journey with Synova and their team. Their support will allow us to invest more into our technology platform as well as providing invaluable assistance in entering new sectors and geographies, building on the fantastic progress that we have made since Lukasz and I founded the Company.

Dave Herbert, CEO, Unity5

We are very excited to be partnering with Dave and Lukasz to facilitate Unity5’s continued growth. The Business has performed strongly over the last few years driven by the growth and increasing complexity of its underlying markets, together with the strength of its SaaS proposition which delivers exceptional quality and service to its expanding client base. We look forward to supporting Dave, Lukasz, and the wider team at Unity5 as it continues accelerate its growth over the coming years.

Alex Bowden, Partner, Synova

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