It is a company at the forefront of UK technology innovation and with Foresight’s help, has become a key player in an ecosystem that will improve the performance and reduce the energy consumption of millions of computer chips, using open standards technologies. It has also developed its routes to market, selling its solutions to chip companies and downstream users, for example, to manufacturers of diagnostic healthcare equipment.Ĭhris Wardle, director at Foresight Group, said: “It has been an amazing journey to support and work with the Codeplay team over the past four years. Since Foresight 2018 investment, Codeplay has continued to develop a suite of high-performance software assets and is positioned at the centre of an increasingly important ecosystem that improves the performance of chips, used in both high performance and low-power environments from supercomputers to self-driving cars. The transaction will generate approximate gross proceeds of £48 million to funds managed by Foresight Group, implying a 15.7x multiple on capital invested and an IRR of nearly 100% per annum. ![]() ![]() Edinburgh-based Codeplay Software will be acquired by Intel for £48 million following a sale agreement with Foresight Group, a listed infrastructure and regional private equity investment manager, subject to regulatory approval.Ĭodeplay is one of the UK’s leading providers of solutions for the semiconductor industry, accelerating the performance of computer chips that run Artificial Intelligence (AI) and other high-performance software.
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