Kick strikes £18m with BGF investment

Kick ICT has secured an £8.7m investment from BGF, following its HSBC-backed acquisition of Turnkey Business Software earlier this year.

HSBC will remain a key funding partner for the business which has seen revenue grow to £18m.

Alongside BGF’s investment, Geoff Neville has been appointed as Chairman, to leverage his experience across IT and business services organisations, including Admiral plc, Sx3 and Fujitsu Services. 

Richard Pugh, investor at BGF who led the deal, said: “The IT services market continues to perform strongly and this, combined with our strong experience in the sector, means there is a real opportunity to further grow its capabilities, scale and presence both in Scotland and more widely across the UK.”

CEO Tom O’Hara added: “In addition to growth through acquisitions, we have experienced increased demand for services such as ERP, cyber security and network environment support as businesses embrace and plan for the future world of working.

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