The business was acquired by US-based NCR Corporation for $84m.
Alaric has customers in the US, Europe, Middle East, Australia and Asia and its products currently power more than 1.6bn transactions a month.
NVM and Foresight have invested £5m and £2.4m in the company, respectively.
Foresight partner David Hughes said, “The management team at Alaric has done a terrific job in developing the company into a global leader in its field.
“This transaction highlights the role that venture capital trusts continue to play in funding UK SMEs, in particular in providing growth capital at a time when traditional bank funding continues to be scarce.”
Copyright © 2013 AltAssets