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UK arm of leading PHP developer announces management buy-out to drive business growth(M2 PressWIRE Via Acquire Media NewsEdge) London, UK - Just five years after its launch in the UK, Ibuildings UK is to split from its Netherlands-based parent company in a management buy-out (MBO) that will leave the business free to focus on UK-based expansion and growth. The move comes at a time when industry analysts[i] predict that the business use of open source technology is about to take off, driven by opportunities in big data analytics, data integration and business intelligence. Ibuildings' UK CEO Yair Spitzer and the Vice President of Sales and Marketing, Paul Wander, will remain in post and will lead the new organisation's 80 employees and a growing portfolio of products and services. The company is being rebranded as Inviqa. "We are very excited about this new beginning," said Yair Spitzer, CEO of Inviqa. "Our long term vision is to be recognised and respected as the number one PHP company in the world, but our first commitment will be on providing continuity for existing customers in the UK and building the business to seize the potential of new opportunities. We will establish powerful joint ventures and partnerships to develop new products and solutions that enhance and deliver value for our customers." As Ibuildings, Inviqa has provided enterprise-level PHP development services to some of the UK's largest and most innovative companies, including the BBC, Betfair Comic Relief, Virgin Media, Sony and Nokia. The company wants to use this experience to help promote the use of open source technology across all industry sectors. About Inviqa Inviqa (formerly known as Ibuildings UK) is the leading PHP authority in the UK, specialising in quality, high-end web development using Open Source technology. Since 2007, it has been providing outstanding PHP development services to some of the UK's largest and most innovative enterprises, including the BBC, Betfair, Comic Relief, Virgin Media, Sony and Nokia. Based in London, the company now has four UK offices housing over 80 skilled professional software engineers with a minimum of 5 years' experience in PHP and LAMP. Inviqa offer a range of PHP services including Web Development, PHP training, consultancy and application support. [i] Forrester, March 22, James Kobelius ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). (c) 2012 M2 COMMUNICATIONS |