Scottish tech firm Frog Systems has been acquired by English wellbeing firm, Raiys.

This means that Raiys has acquired the Frog Systems-developed streaming service Ashia,which provides individuals and businesses with 24/7 wellbeing support.

Clients using Ashia include Scotland-based hire firm GAP Group, Sussex Cricket, The Lowry theatre and arts venue in Greater Manchester, and construction and development company GRAHAM.

Uncertainty about ongoing research and development tax credit reviews had frustrated Frog Systems’ attempts at attracting new funding streams to provide working capital and accelerate its growth, despite interest from potential investors.

As a result, Craig Morrison and Brian Milne, managing directors of business advisory firm Quantuma, were appointed joint administrators of Frog Systems at the end of July and completed the sale of the Ashia business and assets to Raiys.

The deal ensures the future of the Ashia business and safeguards the jobs of all nine employees, who have transferred to Raiys. It takes the number of Raiys employeesto 75.

Frog Systems’ former chief executive Phil Worms said: “Like Raiys, we are passionate about the value of proactive and preventative wellbeing services and the role that digital technology plays in helping employers to create healthy workplaces.

“It has been a challenging time for the company, but I believe that bringing Raiys and Ashia together is a fantastic outcome, and we are both excited for what we can achieve as a genuine one-stop shop for wellbeing solutions.”

Ashia provides individuals and businesses with on-demand access to 16 channels of ‘expert and lived experience content comprising 8,000 videos and podcasts, alongside a UK-wide support directory and thousands of curated digital resources.’

Ashia is Raiys’ second acquisition, following its swoop in early 2023 for The Healthy Employee, which works with employers to improve the physical and mental health and wellbeing of their people through targeted programmes, including workshops, webinars and roadshows.

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James Murphy, founder and chief executive of Warrington-based Raiys, said: “Organisations are increasingly starting to understand their role and responsibilities in supporting employee wellbeing in the workplace. Our mission is to help employers and businesses of any size to create healthy, purposeful workplace cultures across all sectors and job roles.

“The addition of Ashia gives us an even more powerful offering and enables us to grow the digital side of our proactive wellbeing services as we focus on our goal to provide employers and organisations with all the tools they need to improve the health and wellbeing of their people. I’m delighted to be able to bring Ashia into our business.”