The management buyout team, which was led by Imran Khand, the company’s chief executive and founder, purchased Picsel out of administration after raising funds worth “double digit millions -- north of £19m”, one insider told The Herald.
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Picsel rescued in £20m buyout deal led by founder
Picsel Technologies, the Scottish software firm that this year tumbled into administration, has been rescued in a near-£20m deal by eight members of the management team, The Herald can reveal.
