Palatine completed the acquisition of a majority stake in FourNet.

Palatine, a private equity firm, completed the acquisition of a majority stake in FourNet, a provider of cloud and managed services intended to work closely with clients to enable digital transformation across their organization. Financial terms were not disclosed. “Our new partnership with Palatine further positions us as a prime player in the technology sector and we are delighted to be working with their team. The pandemic has been a catalyst for significant change in working practices and our industry over the past 12 months and fresh investment will enable FourNet to rapidly meet the changing needs of our customers, many of whom are critical to the UK’s success following the pandemic, and to build and acquire the additional capabilities that our customers require," Richard Pennington, FourNet CEO.