LONDON - TelAve -- Solvares Group, the European leader in resource and process optimisation, today announced the acquisition of More-IQ, a UK-based developer of cloud-native dynamic scheduling software. The investment is part of Solvares Group's continued expansion following investment in December 2024 from Five Arrows, the alternative assets arm of Rothschild & Co, and funds advised by Deutsche Beteiligungs AG.

This strategic acquisition strengthens the Solvares Field Service portfolio, enhancing its real-time cloud solutions and significantly expanding its footprint within the UK housing market.

Founded in 2021 by industry veterans with 50 years of collective experience, More-IQ has rapidly established itself as a high-growth innovator, rapidly building a prestigious customer and partner portfolio and delivering on its promise for real-time optimisation. The company has initially focused on the unique needs of social housing landlords, providing high-performance SaaS solutions for responsive repairs, compliance inspections and multi-trade coordination, such as for void properties.

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More-IQ's "True Cloud" technology is already embedded in several partner field service solutions in the housing market and serves direct reference customers such as Raven Housing Trust and Vivid Homes. Together with the Solvares Field Service product portfolio this acquisition will create a broader offering to the market and serve customers with a range of requirements depending on the complexity involved.

"The acquisition of More-IQ is a strategic step in our mission to be the European champion for resource optimisation," said Ivan Bagaric, CEO of Solvares Group. "More-IQ's technology and expertise perfectly complement our own and will enable more choice for customers to ensure we always have the best solution for their needs. Together, we are providing field service operations with the most advanced, AI-driven tools to manage essential services more efficiently and sustainably."

Nick Shipton, CEO of More-IQ, added: "This is a milestone moment for More-IQ, our customers, and our partners. As a bootstrapped company, we have always punched above our weight in terms of technical capability. Joining Solvares gives us the resources and market reach to scale faster than ever before. For our customers who loved our tech but needed the assurance of a larger entity, this offers the best of both worlds: the agility of a startup with the stability and security of a major software group."

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To ensure continuity, the More-IQ leadership team will stay on board to drive the next growth stage as a standalone business within the Solvares Group.

Read more: https://solvares.com/en/press/solvares-group-acquires-more-iq/