DSP secures investment to fuel growth in Data Platform and Cloud Services
DSP Database Managed Services (“DSP”), one of the UK’s leading Oracle and Microsoft data platform support specialists, has secured substantial investment from private equity house YFM Equity Partners (“YFM”). The investment will see the existing operational management team acquire the business from DSP’s founders and angel shareholders in order to accelerate its organic and acquisitive growth strategies.
One of the fastest growing implementation partners for Oracle Database Cloud, with a similar pedigree in Microsoft Azure, DSP is one of the UK’s leading suppliers of Data Platform support & consulting services, whether on-premise, in-the-cloud or hybrid.
In recent years DSP has delivered significant contract, revenue and profit growth, and the experienced management team, led by previous Chairman and now CEO, Simon Goodenough, is looking to invest further in sales, operations and service innovation to accelerate growth across all areas of the business. John Hawkins will join the business as non-executive Chairman.
DSP prides itself on having world-class Oracle and Microsoft delivery teams that deliver innovative support, consultancy and managed cloud services to a wide range of mid-market and FTSE 100 clients, particularly those with mission-critical database architectures. DSP was founded in 1999 and set out to become a trusted technology partner for companies who wanted to invest in Oracle and SQL Server technologies. Since those early days the Company has evolved as client requirements, and technology, has changed. DSP now supports multi-vendor, cloud and hybrid database and application infrastructures around the clock, wherever in the world they may be.
Simon Goodenough, CEO at DSP said: “DSP is seeing unprecedented levels of demand for its services, especially from organisations that are beginning to realise the strategic value of hybrid private and public cloud data platforms. We’ve always strived to take advantage of new technology to enhance the service we offer our clients and this investment will allow us to further accelerate such service innovation whilst taking full advantage of the commercial opportunities that in exist in our market. We are delighted with both YFM’s investment and the expertise the team will provide.”
Charlie Robinson, Partner at YFM said: “DSP is exactly the type of business that we look to invest in; it has an excellent reputation in this industry and has delivered consistent growth over the last few years. Its focus on enabling its customers to get the right solution among a myriad of technology and vendor options provides a positive backdrop for the Company to further develop its customer base and expand its service offering.