Creative ITC gains new investor in LDC

This marks the PE firm’s second channel investment this year

LDC today announced it has made a minority investment in cloud service provider Creative ITC to support its organic and acquisitive growth strategy.

Headquartered in London, and with a global datacentre and operating footprint, Creative ITC provides cloud computing solutions to the global architecture, engineering and construction sector.

It delivers specialist and mission-critical cloud infrastructure solutions, including its Desktop-as-a-Service offering and data storage and back-up/recovery products.

Over the last two years the business has increased both annual recurring revenues and its customer base by 90 per cent, alongside broadening its international footprint which now extends into the Middle East, North America and Australia.

LDC is backing Creative ITC's management team, led by co-owners CEO Keith Ali (pictured) and President Eamon Murchan.

The firm's investment and strategic support will help Creative ITC deliver its ongoing growth plans, along with acceleration into new markets and building out product capabilities.

The backing from LDC will also enable Creative ITC to explore its acquisition pipeline.

"This is an exciting time for our business. Having grown rapidly in recent years, we're now perfectly placed to explore new markets and continue to enhance the service we offer to our customers," said Ali.

"The team at LDC has taken the time to get under the skin of Creative ITC and our products and services, and we've built a strong relationship with them over a number of years. They have clear and impressive experience in backing businesses like ours, which includes offering flexible funding to support acquisitions, and we're looking forward to partnering with them throughout this next phase of growth."

LDC investing in the channel

LDC is no stranger to the IT sector, having made 25 investments into businesses with a total enterprise value of £1.5bn since 2012.

Its current IT channel portfolio includes Scottish MSP Kick ICT, invested in January, as well as Onecom, Aspire Technology Solutions, Cellhire, and Wifinity.

LDC exited its investment in cloud and digital services provider Kerv at the start of the year.

Tom Jervis, Investment Manager at LDC, added: "Having known the team for a number of years, we are excited to be partnering with them to support their growth ambitions.

"Creative ITC has a highly technical and optimised offering which has driven strong levels of customer satisfaction - we are backing the team to build on the brilliant foundations that has taken the business to the stage it is today whilst also expanding into new markets and developing product capabilities."