Azend Technologies concludes management buyout

Thursday, 10 April 2025 00:06 - - {{hitsCtrl.values.hits}}

CEO Rajive Silva

Azend Technologies has announced the successful completion of a management buyout (MBO) on 8 April.

This strategic move marks the conclusion of a productive four-year joint venture with Innovation ThreeSixty Ltd., and Diesel & Motor Engineering PLC.

Since its inception, Azend has been recognised as a technology innovator, earning multiple prestigious accolades, including at the NBQSA National ICT Awards and SLASSCOM Ingenuity Awards. The buyout, approved after a lengthy review by its decision makers, ensures a structured and equitable exit for the existing shareholders and partners.

Azend acknowledged the foundational support and partnership of Innovation ThreeSixty Ltd. and Diesel & Motor Engineering PLC, which have been instrumental in its success to date. Building upon this strong foundation, the management team at Azend, led by CEO Rajive Silva, is poised to enter a new chapter focused on helping businesses scale through technology-driven growth strategies, with focus on agility and scalability.

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