Status:

Current

Commitment:

£35m

Date of investment:

2017

Sector:

Technology services

Buy & Build:

3 completed acquisitions

“Horizon Capital were a big part of my decision to join DigitalSpace. From my first meeting it was clear they were a specialist investor who truly understood our sector. I have been particularly impressed with their support, particularly on finding and executing acquisitions. Consequently, since the start of our journey, we have more than doubled EBITDA and transformed our business.”

Neil MullerCEO, Digital Space

Background

DigitalSpace is a provider of converged managed services to mid-sized corporates in the UK. The business designs, implements and supports digital infrastructure including connectivity, unified comms, hosting and IT managed services. DigitalSpace has a growing AWS and Azure practice and deep IT security skills. The business with data centres in Newark and Telford serves more than 200 clients and employs over 250 people across the UK.

DigitalSpace operates in a fragmented and growing addressable market with over 500 independent providers of services in the UK. Horizon Capital has worked with management to develop a strategy to build a truly converged provider of connectivity and digital services – a true partner for clients wanting to transition to a modern IT infrastructure.

Buy and Build

Since the initial investment in 2017, DigitalSpace has completed three acquisitions moving from a connectivity focussed business to one with deep hosting and hyperscale hosting skills.  

The Journey so far

Horizon Capital has worked with the business to invest for growth, building a talented Board and Executive team, developing the proposition and implementing the systems and processes required to provide excellent customer service and enable double digit organic growth. DigitalSpace has also entered the growing public sector market joining the G-Cloud framework in 2020.

DigitalSpace now has a truly converged connectivity and hosting capability built for mid sized corporate customers seeking next generation solutions. 

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