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Management Buy-Out Tech Firm Ve Interactive

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  • Management Buy-Out Tech Firm Ve Interactive

LONDON, 26th April 2017: A spokesman for Ve Interactive said: "The interim management team has successfully bought Ve Interactive out of administration which means the UK tech business is protected for the future.

"The company will now seamlessly continue to trade under the management of CEO Morten Tonnesen and Managing Director David Marrinan-Hayes.

"The management buyout was backed by a consortium of existing significant shareholders and creditors who provided the funds to ensure the long-term security of the business.

"The acquisition of Ve Interactive allows the group to safeguard hundreds of jobs, continue to develop its award-winning technology and grow its global market share."

CEO Morten Tonnesen said: "I am very excited to be leading the next chapter in Ve Interactive’s story. The business has long been at the forefront of the industry and we now have the investment and backing to continue to build out our market-leading technologies. I am especially pleased to announce the quality of Ve Interactive work and staff was once again recognised with the company winning the Best Paid Social Campaign and Industry Rising Star awards at the Performance Marketing awards."

For Press Enquiries Contact:

Danny Bartlett

Head of PR and Social Media

+44 (0) 7737 315 081