Kubus, an IT support specialist based in Cirencester, has recently secured a £9 million investment from BGF to propel its growth.
This significant funding will serve as a catalyst for Kubus’s expansion, enabling the firm to boost innovation and enhance its global market presence.
Strategic Investment for Expansion
Kubus, a Cirencester-based IT support firm, has secured a significant investment of £9 million from BGF, a growth capital investor. This strategic funding will be primarily leveraged to accelerate Kubus’s aggressive expansion plans in the global market. By strengthening its financial base, Kubus aims to enhance its capabilities in providing IT infrastructure solutions to its esteemed clients, including major tech companies like Dell, Fortinet, and Cisco. With this investment, Kubus positions itself to capture emerging opportunities in the technology sector.
Leadership and Expertise
Following the investment, Paul Brennan, a figure from BGF’s talent network, will join Kubus as the non-executive chair. Brennan, who formerly served on the board of Amdaris, a BGF-invested firm acquired by Insight Enterprises Inc., brings invaluable insights. His experience in the tech sector is expected to guide Kubus through its ambitious growth phase.
Andrew Humphrey, the chief executive of Kubus, expressed enthusiasm about the partnership with BGF. He stated, ‘We are thrilled to partner with BGF and leverage their expertise and resources to take Kubus to the next level.’ With Brennan’s support, Kubus anticipates an exciting trajectory ahead.
Financial Performance and Growth
In the fiscal year ending March 31, 2024, Kubus reported a turnover of £35 million accompanied by an EBITDA of £2.6 million. These figures reflect Kubus’s robust financial health and capacity for sustainable growth.
The company’s financial advisory during the deal was managed by Squire Patton Boggs and Marcussen, focusing on legal and tax aspects respectively. Meanwhile, BGF was counselled by Michelmores (legal) and PKF Francis Clark (tax). These collaborations ensured the investment process was smooth and efficient.
Kubus’s impressive financial performance confirms its potential to effectively utilise the additional resources provided by BGF to foster further development and innovation within the organisation.
Market Position and Opportunities
Kubus has established significant ties with renowned tech vendors and a diverse, blue-chip customer base. This positioning solidifies its reputation and opens avenues for further market penetration.
Edwin Davies, an investor at BGF, commented on Kubus’s potential, highlighting the firm’s robust vendor relationships and innovative capabilities. He expressed confidence in Kubus’s readiness to exploit strong market opportunities.
With a solid market position, Kubus is strategically prepared to navigate the competitive landscape and achieve its growth objectives with reinforced backing from BGF.
Future Prospects with BGF Partnership
The collaboration with BGF is poised to bring substantial advantages to Kubus. The partnership is expected to catalyze Kubus’s innovation efforts, enabling the firm to deliver superior value to its clientele.
Kubus plans to allocate a portion of the funds towards enhancing its product offerings and service delivery mechanisms. This proactive approach is anticipated to improve customer satisfaction and loyalty.
With BGF’s support, Kubus is set to execute its global growth strategies more effectively, further solidifying its presence in the technology sector.
Industry Expert’s Viewpoint
According to industry experts, the infusion of £9 million into Kubus reaffirms the growing investor confidence in the technology sector. Such investments are pivotal for tech firms aiming to scale operations globally.
The technology industry is witnessing rapid growth and transformation, making it imperative for firms like Kubus to innovate continuously. The partnership with BGF is timely and strategically aligned with Kubus’s objectives.
This investment not only underpins Kubus’s growth plans but also reflects broader market trends favouring technological advancements and digital transformations.
The £9 million investment from BGF marks a pivotal moment for Kubus.
With enhanced financial resources and strategic guidance, Kubus is well-positioned to achieve its growth ambitions and elevate its service offerings.
