Glasgow-based Microsoft partner secures £2.25m investment from Maven

Investment Overview

• Maven Capital Partners invested £2.25m in KubeNet, a Glasgow-based managed IT services provider.
• The funding will support KubeNet’s expansion through organic growth and a buy-and-build strategy.
• A first bolt-on acquisition is expected to complete within the coming weeks, enhancing scale and synergy potential.

Company Details

• KubeNet was founded in 2012 and provides:
  • Managed IT and infrastructure services
  • Cloud services
  • Connectivity, voice, and cybersecurity solutions
• Accredited with Cisco, Datto, and Microsoft.
• Holds ISO and Cyber Essentials accreditations.
• Operates an advanced Next Generation Network for high-speed internet services.

Funding Allocation

• The investment will:
  • Drive organic growth by expanding the customer base and increasing upselling opportunities.
  • Support marketing initiatives to strengthen brand awareness and customer engagement.
• Revenues have grown by 27% over the past two years.

Market Trends and Competitive Dynamics

• KubeNet’s strategic focus on M&A (mergers and acquisitions) aligns with its organic growth goals.
• Maven Capital Partners highlights the company’s strong acquisition pipeline and potential for operational efficiencies.
• The partnership positions KubeNet to scale its innovative solutions across the UK market.

Long-Term Implications

• The investment underscores the growing demand for managed IT services, cloud computing, and cybersecurity in the UK.
• KubeNet’s expansion strategy is expected to enhance its competitive position in the Scottish and broader UK markets.
• The deal reflects Maven’s focus on supporting high-growth tech-enabled businesses with strong accretive M&A potential.

Image credit: KubeNet