Node4 says it will work closely with its channel partners to bring new cloud-based services to market within the same time period.
“Anyone that has seen Node4’s progress within the last three years will know we’re an ambitious and rapidly-growing company,” commented Andrew Gilbert, Managing Director, Node4. “Node4 has achieved every strategic objective it set itself three years ago, and our strong channel relationships have been a major factor in this success. While we will continue to offer excellent service to existing customers, we will also be undertaking several exciting new initiatives in the background that will create new revenue opportunities for our channel partners.
“With its focus on supporting management teams in UK growth businesses we have no doubt that Bowmark Capital will be the perfect partner to now help Node4 accomplish its ambitious growth targets across the next three years, and to continuously evolve our proposition to offer the channel an industry-leading portfolio of products and services.”
Bowmark Capital has bought-out Node4 holdings from its previous institutional investor, LDC. In undertaking this deal Node4 received advice and oversight from professional services firm PwC and legal firm Pinsent Masons.
“We have been tracking the ICT managed services sector for a number of years,” added Bowmark Investment Director Stephen Delaney, “and are delighted to have the opportunity to invest in the standout company in the sector. We have been hugely impressed with Andrew Gilbert and his team and what they have achieved to date.”
Martin Draper, Chief Executive of LDC, said: “The company’s success demonstrates the impact private equity investment can have as a catalyst to build scale and value, and to support the vision of ambitious management teams. Our close partnership with Andrew and the team has helped the business to more than double its revenues and triple its employee numbers.”