Azend Technologies concludes Management Buy Out

Rajive Silva

Azend Technologies announced the successful completion of a management buyout (MBO) on April 8. 

This strategic move marks the conclusion of a productive four-year joint venture with Innovation ThreeSixty (Private) Limited and Diesel & Motor Engineering PLC.

Since its inception, Azend has been recognized as a technology innovator, earning multiple prestigious accolades, including at the NBQSA National ICT Awards and SLASSCOM Ingenuity Awards. 

The buyout, approved after a lengthy review by its decision makers, ensures a structured and equitable exit for the existing shareholders and partners. Azend acknowledges the foundational support and partnership of Innovation ThreeSixty (Private) Limited and Diesel & Motor Engineering PLC, which have been instrumental in its success to-date. 

Building upon this strong foundation, the management team at Azend, led by CEO Rajive Silva, is poised to enter a new chapter focused on helping businesses scale through technology-driven growth strategies, with focus on agility and scalability.