The Chandler’s Ford-headquartered company announced the deal this morning (22 November), which it said adds a further 300 customers to the group and deepens its expertise in delivering and developing software products.

Agilico offers managed print services, information management, agile working technology, telecoms, and IT services. In June it acquired Gateshead-headquartered Diamond, which, offers services including telecoms, IT, and managed print services to SME organisations and supplies Ricoh’s Ri 100 direct-to-garment printer as well as various HP and Ricoh plotters.

Founded in 1997, Invu’s product suite spans invoice processing, document management, workflow, purchase order automation, and collaboration software.

Agilico said the deal also “represents a highly-extensible digital foundation through which we can build and integrate new solutions”.

Agilico CEO Simon Davey said: “We are delighted to be expanding our portfolio of products to help make work easy for our customers who are increasingly turning to technology as they seek to remain agile and effective in today’s operating environment.”

All Invu staff will remain with the business as part of the deal and will continue to serve their existing customer base.

Invu finance director and general manager Ian Smith said: “We are pleased to be joining the Agilico group. This will enable us to accelerate our development roadmap into the cloud and widen our distribution capability.

“We share common goals in providing an excellent experience and this should assure our customer base that our high levels of customer service will be maintained.”

Agilico was known as the DMC Canotec group of companies prior to a unification and rebrand earlier this year.

At the end of 2019, the group acquired three businesses, two of which supply production print and wide-format technology. It had itself been acquired by private equity firm Horizon Capital in July 2018.