Luminii provides CDD to Guinness Asset Management on their recent investment into Distributed
Luminii are delighted to have provided commercial due diligence (CDD) support to Guinness Asset Management on their investment into Distributed, an AI driven talent acquisition platform.
London-based Distributed, is an AI-based tech talent resourcing platform, that is enabling the adoption of on-demand and Elastic™ software teams by the Enterprise and public sector. The company’s proprietary technology allows businesses to harness the power of a globally distributed workforce without shouldering the time and cost burdens of recruitment, management, or retention. This ensures that businesses’ digital roadmaps are delivered faster and to a higher standard.
The funding also comes after Distributed announced a landmark partnership with Capita plc in 2020. This has seen the company support Capita’s digital transformation and has accelerated the adoption of Distributed’s Elastic Teams™ across Capita’s network of Enterprise customers. The funding will be used to support the company’s growth and enable it to scale its operations and platform features to improve customer experience.
"Luminii are delighted to have supported Guinness on this transaction. This is yet another deal that helps to further strengthen our credentials in the TMT sector. Having completed over 50 projects in software over the last 2 years, Luminii is certainly building a strong reputation as a go to provider for strategy and commercial due diligence in this space. We wish Guinness and Distributed's management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting
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