Thursday 17 September 2026 at 4pm BST
Hilco is seeking offers to acquire the intellectual property and tangible assets of Odin Technology Limited (In Liquidation) (“Odin” or the “Company”) on behalf of the Joint Liquidators of the Company, Mark Delaney and Michael Solomons of Moorfields Advisory Limited.
Founded in 1999, Odin was a UK-based software technology company specialising in enterprise test automation. Over more than 25 years, the Company has developed a suite of proprietary automation technologies designed to simplify the creation, execution, and management of automated software testing across complex enterprise environments.
At the centre of the Company’s offering is Axe, its proprietary enterprise test automation platform. Axe enables organisations to automate the testing of business-critical software, helping reduce the time and resources traditionally required for manual testing. The Company’s platform is designed to be accessible to both technical and non-technical users and can work alongside a range of established commercial and open-source testing tools, including Selenium, UFT and IBM Rational Functional Tester. Axe can also be integrated into customers’ existing software development and testing environments, allowing Axe to complement rather than replace their wider technology infrastructure.
Axe was developed to address a longstanding challenge for organisations operating complex software environments: increasing the speed and scale of automated testing without requiring significant investment in specialist technical resources or replacement of existing testing infrastructure. By simplifying the creation and management of automated tests, while also generating supporting documentation for governance and audit purposes, the Company’s platform enables organisations to improve testing efficiency and consistency and can deliver approximately three times the productivity of conventional scripted and behaviour-driven testing approaches.
The Company’s technology has achieved substantial historic commercial validation, with a historic global client base of more than 120 organisations using Axe since 1999, with customers historically including major organisations across financial services, logistics, healthcare, insurance, and the public sector. Odin’s historic clients include Deutsche Börse Group, SIA, DHL, NHS, Capita, RDT and RAA, with historic deployments with organisations including Microsoft, National Grid, HMRC, the Bank of England, Atos and Capgemini.
Alongside Axe, Odin developed Scriptworks, a visual test automation platform designed to make the creation and management of automated software tests simpler and more accessible. The Company’s platform allows users to build automated tests for web, mobile, and other applications through an intuitive visual interface, reducing the need for specialist coding expertise. Scriptworks was offered as a subscription-based software product and could be deployed either through the cloud or within a customer’s own technology environment.
This acquisition represents an opportunity to secure a proven enterprise test automation technology portfolio, comprising the established Axe and Scriptworks platforms, associated source code, technical documentation and know-how, with a history of deployment across major enterprise organisations and the potential for continued development and commercialisation. Further, the Company’s former director may be open to entering into a new commercial arrangement with a purchaser to provide transitional support, technical knowledge transfer and potentially ongoing involvement.
With more than 25 years’ experience developing technology designed to simplify and improve enterprise software testing, Odin has built an established presence among organisations operating complex and business-critical technology environments.
The strength of the Odin brand is supported by a substantial history of commercial deployments, with more than 120 clients utilising its solutions globally since 1999, with the technology deployed across financial services, insurance, logistics, healthcare, and the public sector. The brand’s customer history includes major organisations such as Deutsche Börse, DHL, NHS and Capita, demonstrating the platform’s ability to operate within demanding enterprise environments.
Unlike newer entrants to the automation market, Odin combines an established trading history with proprietary technology that has been developed and refined through real-world customer deployments. The Company built its reputation around making sophisticated test automation more accessible, enabling organisations to increase automation while continuing to work with their existing technology and testing infrastructure.
For an acquirer, the Odin brand provides an established identity within the enterprise testing market, together with a platform from which to re-engage existing and former customers and further commercialise the Company’s technologies.
The Company potentially holds rights in unregistered trade marks covering the “Odin” and “Odin Tech” brand names and logos.
Available for acquisition are Odin’s proprietary software platforms and associated intellectual property, comprising the Axe Enterprise Test Automation Platform and Scriptworks, together with the underlying source code, technical documentation, development materials and associated know-how held by the Company.
Developed and refined over more than 25 years, Axe represents Odin’s core technology and provides an established framework through which organisations can automate the testing of complex business software. Alongside Axe, Scriptworks provides a complementary visual automation platform designed to make automated testing accessible to a broader range of users. Together, the platforms represent a substantial body of proprietary software IP developed through many years of commercial use and customer engagement.
Odin’s software has an established history of deployment across more than 120 clients globally, including major organisations operating within financial services, insurance, logistics, healthcare, and the public sector. For an acquirer, this provides an opportunity not only to continue the development and commercialisation of the technology, but also to re-engage with existing and former users regarding ongoing support, maintenance and future product requirements.
Rights in the Company’s social media accounts are available to acquire across key platforms, including Facebook, LinkedIn, Twitter/X and YouTube.
Full details on the Company’s social media accounts are available via a virtual data room.
The Company holds client-related data, including contact details, correspondence records, and engagement histories with key organisations such as Deutsche Börse Group, SIA, DHL, NHS, Capita, RDT and RAA.
A range of tangible assets are available for acquisition, comprising modern office technology and computing equipment, including XXX.
Full details on the Company’s tangible assets are available via a virtual data room.
The deadline for offers is Thursday 17 September 2026 at 4pm BST
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room for further information on signing a confidentiality agreement.
Hilco is acting as exclusive agent to the Company and its Joint Liquidators in connection with the proposed sale of some or all of the Company’s assets. The Joint Liquidators act as agents of the Company and without personal liability.
All sales are made strictly on an “as is, where is” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company, its Joint Liquidators, or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance. Payment of the deposit grants the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period and on the terms agreed. A Buyer’s Premium of 10% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price, is non-negotiable and is payable at the same time and in the same manner as the purchase price and forms a condition of sale.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Company and its Joint Liquidators.
