DSP acquires Nymad Ltd
DSP continues expansion in the Database and Data Platform MSP Market with acquisition of Nymad, the specialist Oracle, Microsoft and Open Source Support Services provider
Leading Database and Cloud Managed Services Provider, DSP, today announced its latest and largest transaction, with the acquisition of well-regarded Oracle, Microsoft and Open Source support services specialist Nymad.
With 3 acquisitions in 18 months, along with substantial organic contract growth, DSP has established itself as the UK’s pacesetter in database and data platform managed services.
Allying heritage skills across Oracle, Microsoft and Open Source database technologies to practical expertise in migrating complex data platforms to the cloud, DSP is known for both the pro-activity and flexibility of its managed service offerings. The acquisition of Nymad not only brings in a range of new clients, but bolsters dsp’s support and strategic consulting services talent pool, enabling it to expand competencies in Business Analytics, Enterprise Integration, Dev Ops and Software Asset Management.
Commenting on the acquisition, DSP’s Executive Chairman, Simon Goodenough stated:
“I’ve been an admirer of Nymad for a number of years and am delighted to welcome them into the DSP fold. Their skill levels and market reputation are highly prized and I believe that both of our businesses have been built around a solid ‘customer first’ service delivery mind-set. This is our largest acquisition and a major step in our long term strategy to become the UK’s foremost independent provider of Database and Data Platform Managed Services, whether on premise or in the cloud.”
Nymad was founded in 2011 by Gary Hurlstone and Chris Jones with the aim of reducing cost and complexity across Oracle and Microsoft infrastructures. Previously Gary and Chris had spent many years in senior positions at leading managed service providers such as Hanston technology partners which became part of Maxima. Over the last 6 years Nymad has swiftly grown into a specialist in the field of database support services and business intelligence, whilst also becoming a recognised authority for Oracle software asset management.
Nymad’s Chief Operating Officer and co-founder, Chris Jones, will head up the Nymad business. Chris commented:
“This is great news for Nymad and great news for our customers. The DSP Group will provide us with complementary service lines and investment, giving us the scale we need to meet our growth plans, whilst sharing our desire to remain at the forefront of service innovation. It was clear from early conversations that there was a meeting of minds as to what we could do together, so I’m extremely excited about what lies ahead.”
Nymad’s CEO and co-founder, Gary Hurlstone stated :
“I’m sure that Chris and the team at Nymad will flourish under the new ownership. Nymad is another example of how a start-up company can grow into a successful enterprise with the drive and ambition of its directors, and the support and commitment of a dedicated team of employees.”