Node4 has completed a buyout with Bowmark Capital which has acquired a majority shareholding alongside the management team. The move will finance new growth opportunities, new channel offerings and infrastructure investments. The incoming principle investor has also committed a further £40m of additional funding for Node4's growth and acquisition plans over the next three years.
The transaction follows a period of growth and service development at Node4. Within the last three years Node4 has tripled staff numbers, grown its customer base to 900 and expanded both its geographical presence and cloud services portfolio.
As well as considerable expansion of its Northampton and Leeds data centres, Node4 has also upgraded its DWDM network, launched a new managed security offering, and is poised to roll-out further cloud-based services aimed at the UK mid-market.
"Anyone that has seen Node4's progress within the last three years will know we're an ambitious and rapidly growing company," stated Andrew Gilbert (pictured), Managing Director.
"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.
"We will also be undertaking several new initiatives in the background that will create new revenue opportunities for our channel partners."
Bowmark Capital bought-out Node4 holdings from LDC, its previous institutional investor.
Bowmark Investment Director Stephen Delaney added: "We have been tracking the ICT managed services sector for a number of years and have been impressed with Andrew Gilbert and his team."
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."
With full ownership of its own infrastructure, including three data centres in Derby, Leeds and Northampton and Cisco CMSP accredited Cloud infrastructure, Node4 retains full control over service delivery.