Bridgepoint acquires majority stake in Inspired Thinking Group

Bridgepoint said on Monday that its investment will support ITG's existing management team in delivering the next phase of the company's development internationally, with the group being principally focussed on US growth with its cloud-based marketing technology and marketing services.

Emma Watford, partner and co-head of Bridgepoint's investment activities in the UK, said: "Team ITG is a successful marketing operations services business with a compelling software offering, CanopyCloud. It operates in a very large, growing and fragmented market that benefits from the increasing need for automation driven by the shift to digital and personalised marketing.

"We're excited to be backing the team at a crucial time as they scale their technology offering and become increasingly global – areas where we can provide the necessary expertise to accompany them on this next stage in their journey."

As of 0915 GMT, Bridgepoint shares were down 0.96% at 310.50p.