Cloud services provider to accelerate growth following its acquisition | TheBusinessDesk.com
Summary
The company expects its workforce to grow by around a dozen over the next 12 months backed by MonacoSol’s investment, with recruitment plans focused on expanding its commercial and technical teams. Customers of virtualDCS span sectors ranging from retailing, local government, hospitality, food wholesaling, healthcare, IT support and fuel supplies to research outfits and professional bodies. Clients include B&M Retail, The Rix Group and its diverse portfolio of businesses, and Achilles, a supply chain risk management software provider. “I’m confident this partnership will drive the business to new heights while continuing to provide the level of service to which our customers are accustomed.” MonacoSol is the family office of technology and software entrepreneur Richard Beaton, who is its chairman. “Alongside the financial investment, the MonacoSol team has a great deal of experience in the cloud technology industry to help support the virtualDCS team to accelerate the next phase of growth for the company.” MonacoSol was advised on the acquisition by Rebecca Grisewood at law firm Gateley, Colin Smyth and Jake Hodgson at RSM UK and David Taylor at Harts Chartered Accountants.