Onyx Group Receives £42M Investment from ISIS Equity Partners

Onyx Group, a UK-based provider of business continuity, cloud computing and datacentre services, has received a £42m investment from ISIS Equity Partners.

ISIS, which now owns a majority shareholding in Onyx, has provided £27m in funding and has committed a further £15m to fund strategic acquisitions, enhancing the company’s geographical reach and its ability to provide new services to existing customers. To date, Onyx has completed six acquisitions over the past few years which has seen its customer base grow to over 2,000 clients. It has expanded its geographical reach across the UK and developed new services and products.

Founded in 1994 and led by CEO Neil Stephenson, Onyx provides its solutions to a wide range of mid-market and enterprise clients in niche vertical markets such as the professional services and financial sectors. The Group currently has 10 sites throughout the UK including London, Glasgow, Edinburgh, Newcastle, Teesside and Sheffield. This includes five data centres and six workplace recovery facilities.



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