Rigby Technology
Investments
Rigby Technology Investments
Rigby Technology Investments (RTI) is Rigby Group’s specialist investment division. It is a leading capital investor for transformative technology businesses, combining our core strengths as seasoned technology operators and ambitious, flexible, investors.
Impact
RTI understands what it takes to secure market share and is driven to deliver long-term growth for dynamic technology businesses. Although it is Rigby Group’s newest division, RTI is already one of Europe’s leading investors in Information Technology, with a growing portfolio of equity investments.
Capabilities
Through equity and growth capital investments, RTI co-creates enduring value for both new and established IT businesses. Investments are focused on high growth technology businesses at all stages of the investment cycle, primarily mid-market. RTI’s highly experienced leadership team works collaboratively with ambitious business leaders and management teams, offering sector expertise and experience in growth strategies to optimise talent and transform business potential.
Vision
RTI’s vision is to be the technology investor of choice in Europe for dynamic businesses with the appetite and potential for long-term growth. This is made possible by being business advisors as well as investors.
Its mission is to help technology businesses amplify growth by investing capital, time and expertise.
"Rigby Technology Investments is a specialist technology fund investing in high growth technology businesses from start-ups to investments akin to private equity. What sets us apart is our experience operating and growing technology businesses, backed by Rigby Group’s standing as Europe's largest independent technology investor."
STEVE RIGBY, CO-CEO
Facts
£ 0 m
Equity investment from £5m to
0
current investments
£ 0.0 m
Realised
0
Exits
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Year: 2024
Twisted Fish IT
Acquisition of a leading IT Services Management business based in London.
Status - current
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Year: 2024
Twisted Fish IT
- Acquisition by Cloudclevr of a leading IT Services Management business based in London
- The major investment follows earlier investments in NGC Networks, 4Sight Communications and Bamboo Technology Group and gives the CloudClevr Group deeper and broader IT services skills and strengths, in particular its strong Microsoft partnership and status as Microsoft CSP
- Twisted Fish IT’s management team will continue to run the business with investment and expertise from the CloudClevr Group supporting the it to realise its growth ambitions
- The investment adds to CloudClevr’s strong communications, cloud and IT capabilities, bringing a compelling and competitive converged proposition to the UK market
Year: 2024
Bamboo Technology Group
Acquisition of a leading communications and IT specialist based in Cheltenham, marks the third strategic transaction by CloudClevr.
Status - current
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Year: 2024
Bamboo Technology Group
- Strategic acquisition by CloudClevr of Bamboo Technology Group, a leading communications and IT specialist based in Cheltenham
- The third in a series of strategic investments and will bring complementary communications and IT capabilities to the group as well as significant additional scale
- Steve Harris, CEO of CloudClevr, assumed the role of CEO of Bamboo Technology Group with Bamboo’s Lorrin White and Stuart Davis staying on in an advisory capacity
- This investment further underpins CloudClevr’s deep technical capability across a truly converged portfolio
Year: 2023
4Sight Communications
Industry-leading communications solutions and managed services provider, offering a wide range of telecoms services across the UK and internationally.
Status - current
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Year: 2023
4Sight Communications
- Strategic acquisition by CloudClevr of 4Sight, a communications solutions and managed services provider located in London
- This second acquisition will further boost CloudClevr’s geographic coverage, delivering complementary capabilities to the business
- 4Sight continues to be run by founder and MD Simon Turner, to accelerate its strategic plans and realise its growth ambitions
- CloudClevr is supporting 4Sight with enhanced cloud-based propositions, investment in sales and marketing, and through shared services to allow 4Sight to concentrate on customer management, sales and technical leadership.
Year: 2023
NGC Networks
Business communications specialist providing cost effective telecommunications and internet connectivity solutions for businesses across the UK.
Status - current
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Year: 2023
NGC Networks
- Strategic acquisition by CloudClevr of NGC Networks, a leading business communications specialist based in the north of England
- NGC Networks continues to be led by current joint managing directors, Dean Harrop and Nikki Guest, who remain focused on driving growth in the northern region
- CloudClevr is supporting NGC with enhanced cloud-based propositions, investment in sales and marketing, and through shared services to allow NGC to concentrate on customer management, sales and technical leadership.
Year: 2022
Nuvias
Leading cyber security and networking distributor, delivering best-in-class technologies.
Status - realised
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Year: 2022
Nuvias
- Organic growth complemented by UK and international M&A
- RTI acquired Wick Hill in 7 countries including UK, DACH and Zycko, in 2015
- Transformed and merged into Nuvias including new leadership teams and pan European structure, which included a new ERP system, unique European centralised supply chain model and global shared services centre to support divisions and country structure
- Further M&A: 2017 - DCB (Belgium), 2021 - Cloud (UK)and Deltalink (Belgium), 2022 - Netsafe (Romania)
- Developed unique organic growth through strategic vendor relationships with Fortinet and Juniper Networks as their main partner for European distribution
- Developed new high growth vendor incubation model based in the US vendure capital sector
- At exit, 2022, the business had revenues in excess of £550m and EBITDA of £13.5m
Year: 2022
CloudClevr
A converged cloud based managed services provider focused on the communications and IT SMB sector in the UK.
Status - current
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Year: 2022
CloudClevr
- Led by CEO Steve Harris, a buy & build strategy coupled with the software development of a unique customer experience platform
- Focused on the convergence of IT and communications and the migration of communications to the Cloud, future 5 year CAGR > 15%
- In 2022 partnered with Devtech a near shore development company to agree a multi million platform development over 3 years to provide unique customer and user experience, to disrupt competitive propositions
- Focused on developing a 90% rerurring revenue business with 30% growth rates
- In June 2023 invested in NGC, a Yorkshire-based SMB communications business with over 800 customers
- In September 2023 invested in 4Sight, a London-based specialist contact centre communications MSP
Year: 2022
Infinigate
Global distributor specialising in cybersecurity, secure networks and secure cloud solutions.
Status - current
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Year: 2022
Infinigate
- RTI co-invested and sits on the Board of Infinigate Group, headquartered in Switzerland with majority investor Bridgepoint
- Infinigate has revenues in excess of €2.5bn, EBITDA in excess of €100m, operating in 30 countries
- Led by CEO Klaus Schlichtherle, the business continues to grow ahead of market rates, 5-year CAGR of 11%, through organic development, complementary M&A and geographic expansion
- Infinigate Group acquired in Starlink based in MEA and Vuzion a Cloud based specialist business in the UK, 2022
Year: 2019
FluidOne
Data connectivity aggregator, creating multi-cloud, multi-connected environments that are secure and simple.
Status - realised
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Year: 2019
FluidOne
- Organic growth complemented by UK M&A
- RTI acquired 51% of Fluidata (a connectivity MSP) in 2015, and a residual stake in 2018
- RTI acquired 100% of One Point (a communications reseller) in 2017
- 2018 transformational change resulted in introduction of new leadership and merged entity and new GTM and RTM developments
- Organic growth saw underlying 100% growth over 4 years with 90% recurring revenue
- FluidOne was awarded Best 100 Companies to Work For, Sunday Times (small and medium business sector)
- Sold to Livingbridge in 2019
- Leadership remain with Livingbridge further accelerating M&A, and the business is now four times the scale at exit
Year: 2016
Nuvias UC
Unified Communications specialist distribution business operating in UK, Germany, France and Benelux.
Status - current
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Year: 2016
Nuvias UC
- Nuvias UC originally supported by investment via Siphon Networks in2016, and recently formed part of Nuvias Group
- Nuvias UC was established as a standalone investment in 2022 with the sale of Nuvias Group Cyber Security and Networking divisions to Infinigate
- Nuvias UC specialises in the distribution of hardware, software and services to the IT reseller, UC & Telecoms sector as well as service providers such as Zoom, Ringcentral and Gamma
- Nuvias UC is a European leader with strategic vendors such as Poly/HP, Yealink and Audiocodes
- Led by CEO, Joel Chimoindes, the business is on an organic transformation to deepen its added services to channel partners and vendors to capture the high growth markets and convergence of UCAAS (unified comms as a service) and CCAAS (Contact centre as a service), which are markets growing at 5 year future CAGR of 11% and 18% respectively
Year: 2012
SDG
Specialist IT distributor in UK, France and the Netherlands, with British distribution companies including IQ Sys and ISI Distribution.
Status - realised
Year: 2012
SDG
- Organic growth complemented by international expansion through M&A
- Grew to $1.9bn revenues, $40m EBITDA
- Sold to Tech Data, a global technology channel business
- International expansion over nine years included two M&A deals within Netherlands, three M&A deals in UK, two M&A deals in France
- At exit, 2012. the business was a No.1 distributor for HP, IBM, VM Ware and Citrix
Related News
CloudClevr announces its fourth acquisition with conclusion of deal to acquire Twisted Fish IT
11 Apr 2024
Rigby Technology Investments-backed CloudClevr announces latest strategic investment in 4Sight Communications
8 Sep 2023