Private equity firm NorthEdge Capital backed the MBO of Phoebus Software, a software company in Solihull, England. Financial terms were not disclosed. Commenting on the transaction, Paul Hunt, CEO at Phoebus Software comments, “After many successful years of supplying our clients with market leading products and services, the time is right for PSL to push on in an ever-evolving and fast paced technology sector. The investment from NorthEdge will provide very solid foundations from which to move our business, products and solutions to the next level of market requirements.”