The move comes as Oak Software’s current owners seek to step back from the day-to-day running of the business.
Steve Stringer will stay on as an employee in the role of software architect while Robert Eyre will be retained as a consultant during the transition period. Chris Smith, a director of TCPL, will become managing director.
On announcing the acquisition, Smith said: “Having spent four years as a customer of Oak Software’s, we decided that we liked the software so much, we should buy it. It really has been transformational to our subscriptions operation and we know there are other publishers who would benefit the same. As publishers ourselves we are in the perfect position to present that and help grow the business.
“Our priority will be to develop the software and being able to focus Steve’s time fully as software architect will help us achieve that. A development manager will also be recruited to help shape the future direction of the business.”
Outgoing owner Robert Eyre commented: “The Cricketer’s acquisition of Oak Software is the perfect outcome for myself and Steve Stringer. It secures continuity for both Oak Software’s customers and staff, and The Cricketer’s investment and impetus into the business will help drive it onto the next level. We look forward to working with Chris and The Cricketer team to make a success of the move.”
Oak’s current staff will be retained and will continue to be a vital part of the business, says The Cricketer.
You can find out more about Oak Software in our Publishing Services Directory.
Keep up-to-date with publishing news: sign up here for InPubWeekly, our free weekly e-newsletter.
