Managed services provider bought by acquisitive tech specialist
Oracle Cloud and Database technology specialist DSP-Explorer, which is backed by YFM Equity Partners (YFM), has completed its fifth acquisition.
It has bought UK-based Oracle Applications Partner, Claremont, materially extending its services capabilities.
With offices in Leeds, Nottingham and London, DSP-Explorer is an enterprise database infrastructure and managed services specialist which works with companies wanting to invest in Oracle, Microsoft and multi-cloud technologies.
Following funding and investment from YFM in 2018 and 2021, DSP has grown revenues from an initial £5m to an expected group out-turn of £30m in 2022.
Roshan Puri, investment director at YFM, said: “This latest acquisition continues DSP Group’s growth momentum by broadening its Oracle portfolio, further expanding its customer base and strengthening opportunities to increase its presence both in the UK and in international markets.
“We are pleased to continue to support the business as it pursues its ambitious plan to scale through organic and acquisitive growth.”
Simon Goodenough, CEO of DSP Group, said: “DSP and Claremont already have several clients in common, so when the opportunity arose for us to work together as a combined business, I was hugely excited.
“We share similar cultural values, especially those of responsiveness and customer success, and both want our businesses to be great places to work for our employees.
“Where DSP has traditionally been known for its strength in core database and cloud infrastructure, they have been successful in building a first-class Oracle application management business.
“In an industry where both skills and experience are in high demand, this merger allows us to offer a wider variety of complementary services to our customers.”
Founded in 2004 and with offices in Guildford and Newcastle, Claremont is an Oracle managed services provider.
It is best known for the provision of Oracle E-Business managed services, its infrastructure cloud offering Claremont CloudTM, and the delivery of business-critical Oracle E-Business migration and upgrade projects.
Mark Vivian, CEO of Claremont, who joins the board of the DSP Group, added: “I am very excited about the fusion of the Claremont and DSP businesses, combining our applications and technology strengths together with a comprehensive multi-cloud services portfolio.
“The breadth of our combined service offering, along with our shared delivery excellence ethos, will enable us to deliver an even more compelling proposition to customers.”