SiXworks has been acquired by IBM

Rothschild & Co and Arrowpoint Advisory’s Business Services sector team has advised the shareholders of SiXworks on its sale to leading technology company, IBM.

SiXworks is a rapidly growing, highly specialised digital experimentation consultancy, focused on cutting-edge technology solutions for the UK defence sector. The business provides critical technology services across agile digital experimentation, technology implementation and ongoing support solutions.

Chiltern Capital invested in SiXworks in October 2022 and worked with the management team to implement an ambitious growth plan to develop the business.

During this investment, SiXworks has been recognised in the 2023 Tussell Tech200 list of fastest growing tech companies in the UK Public sector and also been recognised in the Sunday Times Best Places to work in 2023 and 2024.

Ben Robinson, Investment Director at Chiltern Capital commented: “We would like to thank the Rothschild & Co and Arrowpoint Advisory team for their important role in delivering this great outcome. The team’s in-depth knowledge of both the Defence and Technology Consulting sectors meant they ran a highly targeted and effective process in a very professional way.”

Steve Rawsthorn, CEO at SiXworks added: “It has been a pleasure to work with the team, who played a key role in delivering this important milestone for SiXworks. They understood our business and market focus and guided us through every step of the process, whilst being consistently on-hand to give valuable advice, insight into the buyers, and hands-on support.”

Will Evans, Director at Arrowpoint Advisory, concluded: “SiXworks is an incredibly impressive business at the forefront of technology innovation in the UK defence sector. IBM is a fantastic home for the business and we look forward to watching the team go from strength to strength.”

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