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Inkopo split into two by owner Braveheart
INVESTMENT group Braveheart has split its newly-acquired Inkopo subsidiary.
The Scottish company bought Normanton-based Inkopo in June in a deal worth up to 1.31m.
Yesterday it said the company has been split into a fund management business, Viking Fund Managers (VFM), and a business consultancy, Inkopo Consulting.
VFM was formed in 2002 after a management buyout and funds early-stage technology businesses. Inkopo Consulting supports Viking portfolio companies with consultancy advice, as well as working with publicly-funded bodies and regeneration organisations.
Braveheart chief executive Geoffrey Thomson said: "The separation of Inkopo should lead to two more focused businesses which have clearer routes for future development.
"Inkopo Consulting has a superb offering for technology investors, and now has the potential to provide greater diversification to group revenues. VFM operates in an area that Braveheart is closely familiar and we see much potential for its development as a stand-alone business.
VFM managing director Andrew Burton said: "This separation should provide clear delineation between our activities."
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Thursday 24 May 2012
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