Kick ICT has secured £8.7 million in funding from BGF to support the firm’s UK-wide growth plans.
Founded in 2015 by entrepreneur Tom O’Hara alongside Alan Turnbull and David Chazan, Kick ICT provides a range of IT services focusing on financial systems, data analytics, technical and cyber services, as well as managed services and support across its range of service offerings.
Headquartered in Strathclyde Business Park, Kick ICT has enjoyed significant expansion in recent years, completing seven acquisitions to date and growing revenue to £18 million with a portfolio of over 900 customers.
Alongside the BGF investment, Geoff Neville has been appointed as Chairman. Neville boasts extensive experience as a senior executive, with a track record of driving market-leading growth across IT and business services organisations, including Admiral plc, Sx3 and Fujitsu Services.
He is currently Chairman of several technology businesses, including InvenioLSI, a global provider of SAP enterprise solutions and consultancy for the public and media sectors.
Commenting on the investment, Kick ICT Chief Executive Tom O’Hara said: “This year has been a particularly positive and eventful one for the business. 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.
“Our focus is to continue to build on Kick ICT’s track record and integral to this was ensuring we have the right type of investment and input to underpin the next chapter of our growth journey.
“As a firm that shares our values for developing client trust and relationships, BGF is the perfect partner to support us with our ambitious vision for Kick ICT.”
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Richard Pugh, investor at BGF who led the deal, said: “We have been following Kick ICT’s growth trajectory for some time and have been particularly impressed by the reach of its operations, the strong feedback from its customers and partners, and the experience of Tom and the wider management team.
“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.”
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