Daisy founder Matt Riley has sold his Damovo stake to investment firm Eli Global, in a move which could see him buy Daisy outright.
Damovo is a provider of enterprise information communication technology services and solutions, with regional businesses in Belgium, Germany, Ireland, Netherlands, Poland, Switzerland and Luxembourg.
In January 2015, Daisy Group completed the acquisition of Damovo Europe in what was the first acquisition since Daisy’s privatisation. Damovo is a market leader in public and enterprise-focused ICT services and solutions. It delivers essential services to more than 250 organisations, including a number of high profile customers in aviation, transportation and government.
Reports earlier this year claimed that Daisy was up for sale, but more recently it has been claimed that Riley will instead buyout the firm’s other investors.
The move means that CEO Glen Williams and CFO Stuart Hall have all cleaned out their desks and exited the company. Current MD for DACH and Poland Carl Mühlner will now take the reins as Damovo’s new CEO. Burkhart Böttcher has been announced as the integrator’s new CFO.
Commenting on his promotion, Mühlner said: “In this technology-driven world of change, it is becoming increasingly important to recognise that the collaboration between people is still one of the most critical factors for success.
“I am very happy that Damovo, as a fast-growing company with a strong culture, has found an investor where culture and trusted relationships are also considered to be at the heart of long-term business success: with our customers, our partners, and our people.”
With a headcount of 500 staff in 13 countries, Damovo holds top-level badges with four of the channel’s leading UCC vendors: Avaya, Cisco, Microsoft and Mitel.
