A high-profile Manx company has been taken over by a Canadian firm.

PDMS, a software engineering company, has been bought by the Volaris Group for an undisclosed sum.

Volaris, which is based in Mississauga, Ontario, has bought dozens of software business and operates more than 190 companies.

On its website, it says it has never sold a core business after completing more than 100 acquisitions.

PDMS is based in Global House in the Isle of Man Business Park on the outskirts of Douglas.

It employs 92 people in total, 59 of whom are based in the Isle of Man.

‘We believe Volaris is a strong cultural fit for PDMS,’ said Chris Gledhill, chief executive officer at PDMS. ‘The acquisition will help to secure our long-term future as Volaris acquire and hold their companies forever.

‘With a focus on the technology sector, they understand how to best support and grow software businesses with an emphasis on nurturing and developing talent. This year marks our 30th year in business and we are excited about the opportunities this next chapter with Volaris provides to continue helping our customers to make the best use of technology and data.’

Christian Lanng, acquiring manager at Volaris, added: ‘We’re very happy to team up with PDMS and look forward to supporting the existing management team in the years to come.

‘At Volaris we stay invested for life, so we see this as our first step in a collaborative journey where we can contribute some of the best practice we’ve gained over our many years in the software business. We are also passionate about continuing to support PDMS’ existing and aspiring technology specialists and leaders to thrive professionally.’

PDMS will continue to operate as an independent business under the leadership of the original founder, Chris Gledhill, chief executive officer. The company says it remains committed to growing its operations from its head office in the Isle of Man and its offices in Glasgow.

The business will operate independently with the existing management team, who say they are committed to growing the business from the Isle of Man.