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CTO Labs supports Five V Capital Exit from Totara

Mon Oct 23 20234 min read

CTO Labs has supported Five V Capital on exit from Totara, global leader in learning management software. Tech M&A Advisory was provided as part of Five V private divestment of Totara to Tenzing, a European technology investor.

CTO Labs has supported leading private equity & venture capital firm FIVE V Capital on their private equity exit from Totara, a leading provider of learning, engagement and performance management software for workplaces. Their interest has been divested to Tenzing, a European Technology investor.

Five V acquired a majority interest in Totara in June 2020, supporting the team as they scaled at a 30% CAGR and established Totara as a globally recognised platform with a team of 100+ spread across US, UK and NZ. Totara will now continue that global expansion in partnership with European technology investor Tenzing.

CTO Labs acted as Technical and Cyber vendor diligence advisor to Five V Capital, working closely with Five V, Totara and also Tenzing. Our team focused on software development, infrastructure, cyber security, code forensic analysis and IP Licence Analysis to identify opportunities, manage risk and help highlight the full potential of the proprietary technology of Totara.

The CTO Labs M&A team included Joshua Hinton, Kitson Kelly, Mike Mengell, David DeAngelis and Stephanie Caterina.

Joshua Hinton, CTO Labs M&A Tech practice lead said “We are pleased to have supported Five V as they divested Totara from their portfolio, and wish Totara well on the next phase of their success.”

Tim Cooper, Investment Lead at Five V Capital said that “Five V has now worked with specialist technology diligence providers CTO Labs on a range of investments, from testing an initial thesis through to divestment. CTO Labs' advice on Totara was clear, commercial and actionable - and also timely - and we look forward to continuing to work with them", Tim Coooper said.

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