In 2013 LDC backed the management buyout of Node4. The deal provided the capital to help accelerate the continuing growth of Node4 through new data centre development and acquisitions.
Node4 activated a strategic buy and build strategy that saw it complete the acquisitions of LETN Solutions, Reconnix and Premier IT Networks in 2014 and 2015, as it capitalised on the growing trend for customers to outsource IT services and favour integrated providers like Node4.
The business also opened a new London office at the heart of the City, demonstrating its commitment to the South East region as part of the company’s fast growth strategy.
In October 2016 LDC exited its investment in Node4 in a sale to Bowmark Capital. The company has grown impressively since LDC backed the management buyout in 2013, increasing revenues from £13million to £28million (March 2016) and more than tripling staff numbers, with the business now employing 184 people.
In 2017 LDC re-invested in Node4 to further support the business’ fast growth strategy.
Our well-invested infrastructure and technical base provide us with a highly scalable platform, and the financial backing and strategic guidance we have received from LDC over the past three and a half years has been fundamental to our success and growth.Andrew Gilbert, Chief Executive, Node4