AGILICO has acquired YourDMS Limited (YDMS) in the latest expansion move by the Hampshire-based workplace technology provider.

The purchase - its 11th acquisition backed by Horizon Capital - is being hailed as a testament to Agilico's dedication to a wider growth strategy that encompasses sustainability and customer-centric innovation.

Based at Chandler's Ford, Agilico employs 500 people across 17 UK sites and has built an extensive network of more than 14,000 customers.

They all share a common mission - building organisations that are fully equipped for success in the face of rapid and continuous change.

Swindon-based YDMS provides firms with a better understanding of how data is stored and accessed by their employees. The aim is to help businesses cut costs and increase output.

Agilico is developing new facilities across several of its key sites, allowing it to work closely with its customer base.

The purchase of YDMS follows its earlier acquisition of Invu, which provides document management software.

Simon Davey, CEO of Agilico, said: "We have worked with YDMS for many years through our indirect channel, so we know the business and its customers well.

"This is an opportunity for us to expand the customer relationships with new products and ideas and to bring them closer to the Invu community."

YDMS director Beverly Wright added: "Simon listened and understood what we as a family wanted to achieve for our customers and staff after many years of hard work, and we completely trust him and the rest of the Agilico team to honour those commitments."

Horizon Capital aims to become the leading provider of equity capital to technology and services companies.

Partner Martin Squier said: "This acquisition complements Agilico’s strategy to invest in its fast-growing software and consulting division, and we welcome all of our new colleagues and customers."

Agilico's purchase of Invu was completed in November 2021.

Speaking at the time Mr Davey said: "We are delighted to be expanding our portfolio of products to help make work easy for our customers who are increasingly turning to technology as they seek to remain agile and effective in today’s operating environment."

Agilico has set itself the target of becoming net zero by 2030.

A company spokesperson said: "Agilico’s drive to reduce carbon and improve energy efficiency not only impacts their own people but also its customers, partners, and supply chain."