A former Aberdeen Football Club boss has sold up his US-based software company in a deal worth £567million.
Dave Cormack, who was briefly the Dons’ chief executive in 2000, is part of a management team which sold a 30% stake of Atlanta-based Brightree.
The rest was owned by Battery Ventures, a Boston-based private equity firm, which has led the sale of Brightree to American medical device company ResMed.
Mr Cormack, who lives in the US but returns often to the north-east to visit family, will remain as chief executive of Brightree, which he joined as a start-up in 2005.
The healthcare software firm has an office in Aberdeen and last year opened a second UK office in Glasgow.
Mr Cormack and his wife Fiona run their own charitable Cormack Family Foundation.
Through this the couple donated £10,000 to the AFC Community Trust in 2014 and £100,000 towards the establishment of the Maggie’s Cancer Caring Centre at Aberdeen Royal Infirmary in a campaign led by golfer Colin Montgomerie a few years ago.
Former Dons boss sells software firm in £600million deal
