Fast-growing financial services firm, UKWM Group, has invested in cloud services from Star to run a secure, scalable IT platform to support an ambitious ‘growth through acquisition’ strategy, targeted at firms which are a strong strategic and cultural fit. The northern-based firm is also looking for acquisition opportunities resulting from the Retail Distribution Review 2013.
UKWM Group currently manages around £1.4 billion in private capital and provides advice on corporate pension funds. One area the firm wants to capitalise on is the growing demand for investment advice from the ‘Baby Boomer’ generation.
Before selecting Star for its 2012 strategic re-platforming, UKWM Group engaged three rival contenders in discussions but the decision was made on the basis of future-proofed technology, the resilience of its existing fully managed network service already provided by Star and the combined value on offer from leveraging integrated cloud services from one provider.
The new IT and communication systems give UKWM Group the scalability and agility they need, freeing the small IT team from daily maintenance duties in order to support the integration of other companies.
Anthony Smith, Head of ICT at UKWM Group said, “Star seems inherently well suited to partnering with medium sized businesses like ours. We liked the fact that they have a clear delineation between where the Star Platform ends and ours starts. Star is a trusted partner and our IT team could not even begin to manage UKWM Group’s aggressive growth strategy without their support.”
Paul Watson, CEO of Star said: “UKWM Group is a firm with a solid plan and massive ambition. Executing such a vision is tough at any time and in any market, as the last thing an IT team wants to do in such a business is to slow the business down. Working in partnership with Star, UKWM Group can leverage an unprecedented amount of expansion capability with their core IT business systems in order to help the company deliver on its strategy, at a time that many have assumed presents few short-term growth prospects.”