August Equity-backed StarTraq continues its expansion with the acquisition of JML Software Solutions Ltd (JML), the sole providers of Chronicle Systems – the leading provider of compliance software into Police forces for high-risk assets. Chronicle is StarTraq’s second acquisition within eight months of August’s initial investment – adding further scale and capability to the group, which now provides software into all UK Police forces.
Chronicle Systems is a Milton Keynes-based provider of cloud-based software into UK Police forces. Its suite of software modules digitise the way police forces monitor compliance of officers’ specialist training and competence assessments, as well as controlling and auditing access to high-risk assets such as firearms and vehicles. Luis Ponte, who founded Chronicle, will remain with the group post-acquisition.
Chronicle’s capability complements StarTraq’s strong organic growth and bolsters the group’s position as a leading compliance software business. Its diversified public sector customer base now includes all police forces across the UK, as well as a growing number of international forces and UK local authorities.
Kevin McCallum, Group CEO at StarTraq commented:
“Chronicle is a great strategic fit with StarTraq, strengthening our suite of market-leading software solutions that help police forces and local authorities streamline and digitise their critical daily operations. We have enjoyed working with Luis and the business in recent months and we really look forward to working with the talented team across Chronicle.”
Luis Ponte, Founder and CEO at Chronicle, commented:
“After more than 20 years developing Chronicle, the time was right for JML to benefit from being part of a larger group. StarTraq were a logical fit for us with their focus on public sector and a similar company ethos. There are exciting times ahead for our staff and customers and I very much look forward to working with the wider StarTraq team.”
Mickey Patel, Partner at August Equity, commented:
“The acquisition of Chronicle is a continuation of our journey to create an international leader in cloud public sector compliance software. The business was acquired off-market following the recent acquisitions of the platform StarTraq in May 2023 and Farthest Gate in September 2023.”
Greg Walsh, Director at August Equity, commented:
“The business Luis and the team have built over 20 years is exceptional and delivers mission critical services to police forces. We are looking forward to working with him and the rest of the Chronicle team.”
