Rainbow Telecoms founder Dave Corgat has secured shares in Colchester reseller Loop Voice & Data, joining the company as Operations Director almost a year since he sold Sevenoaks-based Rainbow to Focus Group.
His remit is to drive a 300% growth rate over the coming three years and oversee operational functions such as the customer journey, systems and processes.
"To take our business to the next level of growth I wanted to have someone working alongside me," stated Loop Voice & Data MD Shahram Bagerzadeh. "Having known Dave for 12 years through our membership in the Concert Group, he was a natural fit."
Corgat and Bagerzadeh were members of the Concert Group, a collection of resellers who worked together on various projects.
Corgat added: "The market has gone from being in an evolutionary to a revolutionary phase, with everything moving to the cloud. We will help to change the business model from one of capitalising on capital expenditure to a recurring revenue model.
"I'm reviewing processes, procedures, compliance – getting everything ready and positioned for growth."
Loop Voice & Data is now targeting £3m revenues and will pursue an acquisition strategy once this goal has been met. The business also plans to open a London office.
Pictured above (l-r): Shahram Bagerzadeh and Dave Corgat