Living Bridge has completed a £5.74m investment in IP Solutions (UK) Limited. IP Solutions is a unified communications provider, supplying SMEs and corporate businesses with an integrated range of communication technologies. Solutions are delivered through a range of communication technologies such as Hosted VoIP, Cloud Based Contact Centre, Inbound Call Management and Mobile Services and delivered as a Managed Service with a single point of contact and Service Level Agreements.
Based in London, IP Solutions was established in 2001 by Keith Purves and Paul Richards. The business quickly established a solid customer base of SMEs and corporate clients ranging from 50-500 users. Customers come from sectors such as financial services, retail, recruitment, not for profit, healthcare and legal. Revenue in 2014 reached £6.4m.
The Living Bridge team was led by Paul Morris and Mo Aneese and supported by Anthony Yaneza and Chris Brooks of Oakley Capital Corporate Finance. Management advice was provided by Paul Billingham and Laura Cockburn at Knight Corporate Finance. Living Bridge’s Paul Morris will be joining the IP Solutions Board.
Paul Richards, Managing Director at IP Solutions, commented “We are delighted with the investment Living Bridge has made into IP Solutions. It will enable us to expand and develop our cloud based service offering whilst continuing to invest in first class customer support”
Paul Morris, Partner, Living Bridge added “We are excited to be partnering with the team at IP Solutions in the next phase of its growth journey. Paul and Keith have already built a great business with strong momentum in a rapidly growing market. In choosing to work with Living Bridge they have recognised that we will ensure the market opportunity is fully captured.”