Morgan Stanley's private equity arm and One Peak Partners have joined a £41m investment in British tech firm Concentra, the firms will announce today.
Private equity firm One Peak led the round, which was also joined by Connected Capital, as well as existing shareholder, City Securities.
Concentra makes software which is used to analyse big firms' operations and identify ways to "re-engineer their operations", in effect automating part of the consulting process.
The firm, founded in 2008, says it is already used by more than 25 FTSE 100 and S&P 100 firms, while employing more than 170 people.
Former Warburg Pincus European investing head, Joseph Schull, has joined the firm's board as well as investing to help with global expansion of operations.
Revenues in the central product, named Orgvue, have expanded at a compound annual growth rate of 112 per cent over the past four years, the firm said.
Morgan Stanley Expansion Capital makes late-stage growth equity and credit investments in technology, healthcare, consumer, digital media and other high-growth sectors.
Rupert Morrison, Concentra chief executive and founder, said, “This is a significant milestone in Concentra's history and the beginning of an exciting new era for the company.
"We are delighted to partner up with world-class investors, whose support will add immeasurable value to our growth efforts.”