Cloudy MSP Node4 has a new equity backer to help in its expansion plans.
Providence Equity Partners, an equity firm that specialises in the media, communications, education, software and services industries and no one is saying how much cash is involved.
Over the past five years, Node4 has achieved strong organic growth through significant new customer wins and the provision of a broader range of information and communications solutions to its existing clients. During this period, significant investment has been made in people, systems, skills and the product portfolio, which has positioned Node4 to capitalise on the opportunity for cloud-led digital transformation growth.
Node4’s growth has been supported by three strategic acquisitions which have further enhanced the company’s technical capabilities and provided access to new vertical markets. Most recently, in February 2021, Node4 acquired Starcom Technologies, the MSP division of K3 Business Technologies Group (K3) – marking the largest acquisition by headcount in Node4’s history. Node4 is now better positioned to deliver enhanced cloud-managed services throughout the UK in addition to expanding its operational presence in Scotland, the North West and South East England.
Node4 CEO Andrew Gilbertof said “We will continue down our well-proven path of organic growth, building on Node4’s best-in-class systems and supplementing this with exciting strategic acquisitions. I am grateful for Bowmark’s help and support over the last five years, which has been instrumental in supporting Node4’s expansion and accelerating the company’s growth.”
Providence Senior Managing Director Andrew Tisdale said: “Node4 has an outstanding management team and its core focus on exceptional service has continued to deliver impressive organic growth. Recent acquisitions and an ambitious growth plan add to Node4’s appeal as an investment opportunity.”
