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Literacy Capital PLC is pleased to announce it has made a significant investment in Trinitatum, a provider of test automation software and related services within the energy and financial trading markets. Literacy has invested alongside its founders, Jed Dalton and Steve Baker, who will remain with the company.
Jeff Hewitt, formerly Executive Director of Civica’s Local Government division, will become Non-Executive Chair upon completion of the investment. He brings significant experience in supporting and scaling software businesses. Literacy will also assist in further building a full executive team to maximize the potential of the business.
Trinitatum was founded in 2013 and has spent ten years developing and refining its proprietary software, Triangle, to optimize its test automation solutions, which integrate with customers’ platforms. Its suite of products is complemented by a high-quality service offering. As a result, Trinitatum has developed strong relationships with a loyal blue-chip customer base and built an excellent reputation for providing high-quality test solutions.
The Trinitatum platform was originally designed to serve customers in the energy and financial trading markets. There are further applications for the product, which the enhanced and expanded management team will help explore.
Jed and Steve were seeking a partner well suited to help their business expand further and respond to inbound approaches from new international customers. The incoming executives have highly relevant experience from previous roles, which we believe will enhance Trinitatum’s prospects of success.
Since the inception of Literacy in 2017, this transaction marks the fund’s 26th platform investment, with Trinitatum joining a growing portfolio of exciting, fast-growing private companies.