Wavex successfully completes MBO to support next phase of growth

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Wavex, the multi-award winning IT services and cloud solutions company, has announced the successful completion of a management buyout (MBO) supported by Nat West bank and a group of private investors.

Wavex

Wavex Technology Limited

As the complexity of customer requirements and IT systems increases, we are at a juncture when we need to evolve our business now to support future customer requirements," Gavin Russell, Found and CEO of Wavex Technology Limimted.

Wavex, the multi-award winning IT services and cloud solutions company, has announced the successful completion of a management buyout (MBO) supported by Nat West bank and a group of private investors.

The MBO, led by Wavex founder and CEO, Gavin Russell, provides a solid foundation for the company’s organic and acquisitive growth strategy.

The Wavex board has also been strengthened with existing members Alex Sloley (finance director) and Mark Williams (client services director) joined by new appointees Paul Sheppard (sales director), Mark Rendall (operations director), Mike Hajialexandrou (non-exec) and Ed Bullard (non-exec).

CEO Gavin Russell commented, “As the complexity of customer requirements and IT systems increases, we are at a juncture when we need to evolve our business now to support future customer requirements. The new investment, combined with the expertise and experience of our new executive and non-executive team, will allow us to significantly enhance new client acquisitions while continuing to deliver the exemplary customer service levels that Wavex is renowned for and that our existing clients depend upon.”

The MBO was supported by advisors AHV Associates and law firm Burges Salmon.

About Wavex:
Founded in 1998, Wavex offers a range of market-leading IT services and expert IT advice to small and medium-sized businesses throughout the UK and internationally.

Today’s distributed environments - with computers and mobile devices for every member of staff, multiple systems for disparate applications and de-centralised (often international) office locations combined with services delivered via the web or from external cloud providers - bring many advantages, but high standards of service delivery and service support are significantly harder to achieve and problems are far harder to identify or foresee.

Wavex IT services, underpinned by specially designed expert systems, enable companies to successfully manage this complexity whilst improving organisational and individual performance.

For more information on Wavex, visit http://www.wavex.co.uk.

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Gavin Russell
gavin@wavex.co.uk
02071219511
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