The firm, which works with well-known names such as National Geographic, Oak Furniture Land and Secret Escapes, will also have access to significant additional capital from LDC to fund a series of acquisitions in the UK to help it build scale, consolidating its position in the c. £500m market for unified communications.
Headquartered in London, IP Solutions provides a wide range of cloud communications solutions for over 200 small and mid-sized businesses under a single unified service. Its solutions include hosted telephony (VOIP), unified communications, cloud contact centres, mobile and enterprise connectivity.
Alongside acquisitions, the business also plans to expand its services with several new product innovations to support continued customer growth as more companies shift to cloud-based solutions.
LDC is backing the existing, experienced management team, which is led by CEO Matthew Parker and includes CFO Olly Garland, CMO Jeremy Langley and CTO Andy Lindsell.
David Garman, former Chief Executive of logistics giant TDG, will join the board as Chairman, alongside LDC Investment Directors Alex Clark and Troy Harris-Speid.
Matthew Parker, CEO of IP Solutions, said: “In recent years we have delivered strong organic growth, thanks to our focus on innovation and working with customers who are driving genuine transformation. Having built a strong business platform, we're now keen to accelerate our scale through the acquisition of other high performing businesses with complementary technologies, geography and customers. Bringing a new investment partner like LDC on board, with its track record for supporting major acquisition programmes, will enable us to make this happen.”
Alex Clark, Investment Director at LDC, added: “Matt and the team have an impressive track record in scaling businesses, having successfully delivered and integrated a total of 10 acquisitions in previous roles. Their experience aligns perfectly with their ambitions for the business and our support. We’re looking forward to working alongside Matt, Olly, Jeremy and Andy on the buy and build strategy.”