Synova Capital ("Synova") congratulates portfolio company MeritSoft on being awarded UK Growth Management Team of the Year at this year's BVCA Annual Dinner.

The awards, in association with Grant Thornton, recognise and reward exceptional businesses across the country that have been backed by UK private equity and venture capital investors and are reaching new heights of innovation, social responsibility and growth.

Philip Shapiro, a Managing Partner of Synova and a Director of MeritSoft, commented: "The management team, under Kerril's leadership, continues to focus efforts on driving international sales. MeritSoft's ambitious plans for US expansion, supported by our market entry team, has been a key focus since we invested in the Business and has delivered outstanding results since investment with the Company's profits growing more than four-fold".