Sabio has moved into acquisition mode following a multi-million pound investment from Lyceum Capital along with £30m funding to help it double in size over the next three to five years. Lyceum's investment builds on Sabio's average 25.4% annual international sales growth for the last two years. Sabio's COO Andy Roberts becomes CEO while Lee Shorten continues as Chairman.
Sabio's team of founding directors - Paul Began, Adam Faulkner, Sebastian Henkes and Kenneth Hitchen - remain invested in the business and will support the company in its next phase of growth.
"Partnering with a growth investment specialist firm makes sense for Sabio at this stage in our development as it gives us access to both the funds and expertise we need to accelerate our growth strategy," commented Roberts.
"How organisations engage with their customers has never been more critical, and there's a clear international demand for a technology specialist such as Sabio that can help businesses to close the gap between digital and traditional customer contact channels.
"It's an opportunity where Sabio can add value for our customers and, with Lyceum's support, we're looking to double our business over the next three to five years and establish Sabio as the dominant player in our market."
?"Sabio is particularly well placed to help organisations, both in the UK and internationally, as they evolve to meet the changing demands of today's increasingly mobile and socially connected customers," added Simon Hitchcock, Partner at Lyceum Capital and leader of the firm's Sabio investment team.
"Sabio is at the heart of this transition and is the kind of high quality, fast growth business that will strengthen Lyceum Capital's portfolio of technology services businesses."