Giacom is a fast-growing specialist cloud services marketplace.
Giacom supports a network of more than 4,000 IT consultants, service providers and resellers through the Giacom Cloud MarketTM platform. It is Europe’s largest channel-based cloud marketplace and the network uses its cloud platform to supply more than 40,000 SMEs with products such as email, file management and backup solutions, anti-virus software, secure file transfer and email encryption.
LDC backed the management buyout of Giacom in May 2016 to help the business consolidate its market-leading position and capitalise on the increasing demand for cloud-based solutions among the micro-SME market.
Since then, Giacom has grown its headcount from 34 employees to 47 and increased turnover from £6.6m to £13.9m in the FY ending July 2017. As a result, the business has been independently recognised for exceptional growth and listed on the Sunday Times Tech Track 100.
LDC has helped founder Nick Marshall strengthen his management team with three senior director appointments. The business has also invested in its proprietary technology platform to launch the Giacom Cloud MarketTM, which enables IT consultants to sell and license cloud services more easily, and expand its portfolio with complementary products such as cybersecurity software BitDefender and hosted voice technology provider TalkTalk Business.
In November 2017 LDC completed the sale of Giacom to Livingbridge. As part of the deal, LDC has reinvested for a minority stake as it continues to support Giacom’s ongoing growth strategy.
2018 saw Giacom in its second consecutive year recognised in the Sunday Times Tech Track 100. The business climbed 14 places from 69th in 2017 to 55th in 2018 rankings. Over the past three years, the specialist cloud services marketplace has grown sales by 76%.