West Mids lawyers advise on sale of digital transformation firm
A team of business lawyers at Thursfields Solicitors has advised the shareholders of Birmingham-based cloudThing Group on its sale to cloud management services company Kerv.
Recently ranked as one of the Best Companies to Work for in the UK by Best Companies, cloudThing is one of the fastest growing tech companies in the UK according to the Sunday Times Tech Track 100.
Corporate director Gareth Burge led a team that included Joe Rollins (corporate), Reece De-Vaney (corporate), Megan Jewkes (corporate), Helena Morrissey (employment), Stewart Coles (commercial property) and Nicola Pearce (commercial property).
Corporate finance and accountancy advice to cloudThing was provided by Pippa Hawkes of BSN Associates.
Kerv was advised by accountants BDO and law firm Pinsent Masons.
Burge said: “cloudThing was founded in 2012 and has become a major UK digital transformation success story by helping businesses take advantage of the powerful technology available in the cloud.
“The company is a Microsoft Gold Partner and has excellent credentials in the government, non-profit and membership organisation sectors.
“The team of 220 staff, including developers, solution architects, data analysts and DevSecOps specialists are based in the UK and in Bangalore, India.
“We have acted for cloudThing and its founding shareholders for a number of years and are delighted to have advised on this latest deal. cloudThing is an exciting business and has an exciting future in the Kerv group.”
The cloudThing acquisition represents Kerv’s fifth and largest deal in ten months. The combined group is now a £35m revenue business with more than 330 employees, serving over 800 customers, with offices in London, Birmingham, and Bangalore, India.
Current chief operating officer Stuart Harper assumes the role of cloudThing chief executive officer and joins the Kerv management team along with Mike Wrout, chief customer officer.
Harper said: “Kerv offers something genuinely unique, a group of complementary cloud and digital organisations that are experts at what they do, given further scale and enhanced capabilities as part of the group.
“Kerv’s commitment to organic growth, underpinned by a focus on customer experience and employee engagement is central to our own culture and our belief in the mission of the group as a whole.
“It became clear early on in our discussions that both organisations were aligned behind similar values. The whole team at cloudThing is delighted to be joining Alastair, Mike and the crew at Kerv.”
Jay Neale, founder of cloudThing, said: “We are delighted to have found such a great partner for the next phase of cloudThing’s growth story – shared values of customer experience and employee engagement will be the foundations of continued organic growth and exciting times ahead.”