Thu, 11 Nov 2021 | BUSINESS SALE
Cloud and digital services firm Kerv Group has reached £50 million in turnover with the takeover of network and security firm Gyrocom. Kerv, which is backed by LDC, now numbers more than 400 employees and over 750 customers.
Founded in 2006, Gyrocom specialises in SD-WAN and has relationships with a number of leading tech firms, including Dell, Cisco and Palo Alto, among others. The company also works with several major brands in the retail sector, including Co-op and Wickes.
Gyrocom has experienced rapid growth in recent years, with 23 enterprise customers and recurring revenues growing at more than 20 per cent. Following the acquisition, the company will become Kerv Group’s dedicated specialist networking and security division.
Kerv Group was founded in 2020 when LDC backed Six Degrees founder Alastair Mills to acquire and merge three cloud firms: Metaphor IT; Foehn: and DoubleEdge Professional Services. Since then, the company has acquired UCNS Managed IT and digital transformation firm cloudThing.
The group’s strategy sees it target companies with complementary organisations, cultures and capabilities. Its cloud and digital transformation offering is based around four key strategic pillars: Transformed Infrastructure; Digital Workplace; Customer Experience; and Digital Business.
Kerv Group Executive Chairman Alastair Mills said: “Gyrocom brings important new and strategic skills to Kerv across SD-WAN and SASE in particular. Their growth trajectory and ability to win major network transformation contracts are testament to their capabilities and their product-market fit.”
“In addition, and always importantly for Kerv, we’re confident that the team led by Graham, Ryan and Jane are an excellent cultural fit for our company dynamic, and they share our relentless focus on employee and customer experience.”
LDC Investment Director Aylesh Patel added: “Kerv’s acquisition is a great example of a buy and build strategy in action, bringing in a complementary business to further enhance its capabilities and increase market share. We are working closely with the Alastair and his team to explore more acquisitions to further expand the business.”
Find businesses for sale here.
If you are looking for an exit, we can help!
The company is highly regarded provider of ICT consultancy and cloud services, operating primarily in the education sector. Services include digital transformation consultancy, centralised remote IT support with on-site health checks, Google Cloud a...
Supplies intel relation to cyber threats to key cyber security companies & government bodies. Its dedicated research team analyses strategies used by hackers to devise rules to pre-emptively identify & nullify breaches. Developer of its own home cybe...
High quality news curation mobile app and additional AI-platform with dynamic personalisation features and podcast generation capabilities. This is a diversification opportunities to other sectors. Offering experienced and knowledgeable team with sec...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.