CLB Coopers advises Converge TS in Tenzing investment transaction

CLB Coopers advises Converge TS in Tenzing investment transaction

The Tax team at CLB Coopers has advised the senior management team of Converge-IT.Net Limited (Converge TS), the specialist advisor of managed and hosted IT services to the UK legal sector, in its investment deal with UK lower mid-market investor, Tenzing.

Founded in 20016 by Managing Director, Nigel Wright, Converge TS is a specialist provider of hosted and managed IT services through private cloud. It provides mission critical managed cloud services to the UK legal sector, including infrastructure through service, hosting and business continuity as well as other managed IT and infrastructure services.

The company has achieved exceptional organic growth – over 50% revenue growth year on year in the last three years – through new client wins and an increased demand for service from its existing client base. Converge TS works closely with software application vendors and is a key hosting partner for LexisNexis and a Thomson Reuters Elite Alliance Partner.

Tenzing has backed the incumbent senior management team, led by founder MD, Nigel Wright, and Technical Director, Andrew Taylor. The Tenzing team and its Entrepreneurs’ Panel will support the company with product development whilst supporting a continued investment in sales  and developing its acquisition and international strategy.

The management team at Converge TS was advised throughout the transaction by the senior  members of the Tax team – Colin Abrahams, Rob Wardle and Amanda Sayle – at CLB Coopers.

Guy Gillion, co-founder and joint Managing Partner at Tenzing commented, “We’re absolutely thrilled to have completed our investment in Converge TS at an exciting time in the company’s development. Nigel, Andrew and their team are ambitious for future growth both here in the UK and in international markets. We’re very much looking forward to supporting them on this next stage of the Converge TS journey”.

Nigel Wright, founder and Managing Director of Converge TS, said, “We are passionate about how we have grown Converge TS and are ambitious for the future of our business, and we feel Tenzing mirrors this vision. Our strategy is based on a sustained quality service delivery which underpins our sector specific cloud solutions. Our goal is to be the ‘No 1’ cloud provider to the UK legal sector in the next few years, achieved by organic growth but also by selected acquisitions. Beyond that, we will be looking to broaden our portfolio offering and will be exploring international opportunities”.

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