Transaction

Interact Software sold to Castik Capital

Transaction

Interact Software sold to Castik Capital

Sell-side

Undisclosed

Role

Adviser to Interact Software on its sale to Castik Capital

Sector

Tech & Tech Services

Region

UK

We advised Interact Software (Interact), a leading employee experience programme, on its sale to Castik Capital (Castik), working alongside our exclusive US partner KeyBanc Capital Markets

Headquartered in Manchester, Interact provides a SaaS platform that helps organisations facilitate internal communication, foster knowledge sharing, and boost employee engagement. The company currently serves a broad range of blue-chip customers across North America, EMEA, and the Middle East, with its largest markets being the United States and the United Kingdom.

The global employee experience market continues to demonstrate strong growth as organisations prioritise talent retention and culture alignment in a hybrid world. Interact is strategically positioned to capitalise on this trend by accelerating investments in its core platform and expanding its feature set to address complex enterprise communication challenges.

Interact plans to continue executing its ambitious growth strategy, focused on establishing itself as a leading employee experience platform for enterprise customers. This will include targeted investments in its core intranet platform and further expansion into the broader employee experience space, both organically and through strategic M&A.

KeyBanc M&A team: Tom Mazzucco, Charlie Stocks, Jonathan Stankler, Anthony Piluso, Jaspreet Tathgur, Atharva Apte and Maggie Leahy

Common Place Homepage

In Castik, we have found our partner of choice to support us in expanding our capabilities within the broader employee experience space. We look forward to a close collaboration in the coming years. Castik has deep expertise in the space from previous employee experience investments and is the perfect partner to take on this journey with us.

Simon Dance, CEO, Interact
Common Place Homepage

We would like to thank Interact’s management team for the trust they have placed in us, and we are very much looking forward to working together. Interact is perfectly placed in the market to expand its offering and support customers in achieving their communication and engagement goals. Castik will apply its experience from prior human capital management investments to support Interact further accelerate growth.

Michael Phillips, Partner, Castik Capital

Interact is a business I’ve long admired. A Manchester-based business where management has done an incredible job in building a true global market leader across the employee experience space. This transaction marks a significant milestone for the business, and it gives me great pride in finding a high-quality partner in Castik. Interact is exceptionally well-positioned to continue its global expansion and deliver even greater value to enterprise customers as organisations continue to prioritise engagement and communication in a hybrid world. We’re proud to have supported this deal and to have worked alongside the team at KeyBanc Capital Markets to bring it to a successful close.

Ed Gale, Partner, Clearwater

Advisers

Transactions