Mid-market private equity house, LDC, has provided funding to enable the £30m merger of three complementary, cloud-based managed services businesses to form Kerv, a next-generation ‘customer-first, cloud-first’ managed services provider, which has launched in the UK.
These companies are DoubleEdge Professional Services (UC, voice, data, mobility and compliance); Foehn (R&D team, Cloud UC and Contact Centre provider) and Metaphor IT (Cloud Services, Digital Workspaces, and IT Managed Services).
The new business will drive further organic growth, as well as identify further complementary acquisitions, supported by follow-on funding from LDC. Comes to the market with current revenues approaching £20m and a team of 100 across offices in central London; Richmond, Greater London and Vigo, Spain. Kerv will offer business outcome focussed solutions, initially comprising converged IT managed services, unified communications, contact centre, security and compliance applications.
The leadership team at Kerv will consist of Alastair Mills as Executive Chairman; Mike Ing, Managing Director and Andrew Marshall, group CFO.
Launched in 2008, based in the City of London, and led by Steve Burges and Alex James, DoubleEdge Professional Services provides corporate delivering an managing solutions across UC, voice, data, mobility and innovative compliance products to a client base that includes, Harrods, TP ICAP, Investec and Waterstones.
Founded in 2000 by Managing Director James Passingham, Foehn is a Richmond, Surrey-based Cloud UC and Contact Centre provider. Its cloud UCaaS and CCaaS products are used by over 300 customers in both the public and private sectors, including Kiwi.com, The Zoological Society of London (ZSL), See Tickets and The Local Government Ombudsman.
Metaphor IT is a managed services business based in the City of London. The business focuses on three core solution offerings; Cloud Services, Digital Workspaces, and IT Managed Services, all of which are encompassed by the business’ “Secure By Design” principles.