Monday 14 August 2017

New funding for CSI reflects strength of the mid-market

csiMML Capital Partners has become lead investors at managed services firm, CSI Ltd. Reports in the media suggest MML is putting in £36m.

CSI (which has offices in Birmingham, Farnborough, Coventry and Glasgow) was originally acquired by Blackhawk Capital in 2012 as the corinfranerstone for a buy-and-build strategy in the IBM space. The purpose was to take CSI from traditional reseller to managed services provider, via both acquisitions and other investments.

CSI's span is pretty broad for a firm of its size (which we believe to currently be sub-£50m), covering infrastructure (including IaaS), software (Platinum level IBM and SAP partner) and cyber security (managed services and advisory). That breadth places it well as a managed services provider in the  mid-market where the clear trend is for strong growth based on buyers' preference for funneling their IT spend towards a very small number of core  suppliers (or even just one key supplier).

Our recently published report,Infrastructure Services Supplier Ranking 2017”, looks at the factors influencing suppliers of cloud and infrastructure services. In it we examine some of the dynamics particular to the mid-market and give examples of the players that are executing strongly. Certainly there is plenty of opportunity amongst mid-sized enterprises, and with investment and a clear strategy behind it, CSI looks set to scale further.

Posted by Kate Hanaghan at '09:51' - Tagged: acquisition   managedservices   cyber