Northstar Ventures is delighted to announce an acquisition from its ever-expanding portfolio of companies producing industry-transformative technology. Oak Engage is the latest Northstar investee to be acquired by private investors, NorthEdge, for an undisclosed amount.

Oak Engage has produced an award-winning intranet software solution in the form of an easy to operate employee engagement app. Boasting an array of household names as diverse as NatWest, Aldi, Burger King UK, Halfords and ScS on the client list, it is not difficult to see why the company has sparked investor interest. Businesses can build a strong culture, enhance productivity and boost operational efficiency with one hassle-free platform, creating a highly accessible centralised hub for dispersed workforces.

Northstar Ventures recognised the potential of the business early on and was among its initial backers. It later strengthened its support with further investment, using funds from the North East Innovation Fund, supported by the European Regional Development Fund.

The dynamic technology scene embedded in the North East provides a cornucopia of high-growth businesses for investors to back. Oak Engage is yet another example of the opportunities that abound in the region.

Ian Richards, director at Northstar Ventures, says: “It takes a strong but flexible team to build a company, with the tenacity to keep going through all the challenges the journey entails. Those challenges are far more navigable with guidance from experienced investors and Northstar has worked closely with the Oak Engage team to help develop strategy. It has been gratifying to work alongside Oak, see the team bring on board big-brand customers and gain support that can take them onwards to, we’re sure, even greater achievements.”