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    Giacom World Networks Limited

    kbs-success--giacom

    KBS Corporate has advised on the management buyout of Giacom World Networks Ltd, a cloud IT and communication service provider based in Hull.

    Founded in 1999, Giacom has since established a niche position within the micro SME market, which has traditionally been an uneconomic market to serve. The company has taken advantage of the ongoing trend within the market for businesses to move their software and IT solutions from on-premise to the cloud, as they look to reduce costs and increase efficiency and security. Giacom now supports a network of over 3,500 IT consultants, service providers and resellers via its ‘MessageStream’ platform.

    The management buyout, which was backed by Lloyds Development Capital (LDC), will aid Giacom in fast-tracking its growth through additional investment in its platforms, the integration of additional cloud products and in expanding its service provider network.

    With LDC’s investment, the company plans to consolidate its leadership position within the UK Microsoft CSP market as well as expand its ‘MessageStream’ platform through the introduction of new, complimentary software products for its end users as demand continues to rise.

    Following the transaction, the management team, which will continue to be led by founder and Chief Executive, Nick Marshall, will remain as the majority shareholders of Giacom with LDC acquiring a significant minority stake.

    Marshall commented on the deal, “Bringing LDC onboard will help us deliver our next phase of growth. As well as giving the business access to the capital we need to scale, LDC is a partner who understands not only our sector, but also our vision and ambition for the future. This is an exciting time for our customers, our network of consultants and our people.”

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