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LDC-backed Kerv completes acquisition of fast-growing security, networking and SD-WAN integrator, Gyrocom

10 Nov 2021

Kerv, the next-generation ‘customer-first’, cloud and digital transformation services provider, has today announced the acquisition of Gyrocom, a fast growing network and security integrator with a specialisation in SD-WAN. In addition to SD-WAN, Kerv’s strategic acquisition brings skills in managed networks and network security, including Secure Access Service Edge (SASE), the rapidly emerging cybersecurity solution. Gyrocom will operate as Kerv’s specialist networking and security division.

Gyrocom, headquartered in Surrey, was founded in 2006 by Graham Brown and Ryan Coombes, who had worked together previously at Nortel Networks; fellow director Jane Hamlyn joined the company in 2011. The company brings strategic technology relationships with VMWare Velocloud, Dell, Cisco, Palo Alto, Fortinet, Versa and Z-Scaler and boasts a significant and growing presence in the retail market with brands such as Kingfisher (B&Q and Screwfix), Wickes, and Co-op. Gyrocom has 23 enterprise customers and its recurring revenues are growing at over 20%.

Leading mid-market private equity investor LDC supported Alastair Mills and Mike Ing to merge three cloud-based managed services businesses to form Kerv in July 2020. This is the third acquisition the business has completed since LDC invested. The private equity firm continues to support the business to drive organic growth and to identify and complete further complementary acquisitions.

The acquisition of Gyrocom builds on Kerv’s strategy of bringing together complementary organisations, team cultures and service capabilities to deliver a customer-first approach to cloud and digital transformation services focussed around four strategic pillars – Transformed Infrastructure, Digital Workplace, Customer Experience and Digital Business. Gyrocom services will significantly enhance Kerv’s credentials in the Transformed Infrastructure pillar.

Kerv is now £50m revenue company with over 400 employees and 750 customers including Investec, Kiwi.com, Harrods and Arvato.

Commenting on the acquisition, Alastair Mills, Executive Chairman of Kerv, said: “Gyrocom brings important new and strategic skills to Kerv across SD-WAN and SASE in particular. Their growth trajectory and ability to win major network transformation contracts are testament to their capabilities and their product-market fit.”

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In addition, and always importantly for Kerv, we’re confident that the team led by Graham, Ryan and Jane are an excellent cultural fit for our company dynamic, and they share our relentless focus on employee and customer experience.
Alastair Mills, Executive Chairman
Kerv

Aylesh Patel, Investment Director at LDC, added: “Kerv’s acquisition is a great example of a buy and build strategy in action, bringing in a complementary business to further enhance its capabilities and increase market share. We are working closely with the Alastair and his team to explore more acquisitions to further expand the business.”