YFM Equity Partners (YFM), the specialist private equity fund manager who may have offices in Leeds and Sheffield, has invested 2.75 million to compliment the growth of Sipsynergy, a Hertfordshire-based cloud collaboration solutions provider to SMEs.
The funding will likely be used to accelerate the expansion inside the clients through increase of the sales and support teams.
Sipsynergy has evolved a solution which offers a variety of communications technologies to SMEs on a economical basis. It’s been working closely with technology firm Cisco to generate the perfect solution which can be adore with a white label basis through IT and telecoms resellers and managed service providers.
As a part of the investment, YFM has secured numerous senior hires, to operate a vehicle website strategy, together with co-founders, John Fox and Barnaby Ritchley. These include appointing a completely new CEO, Operations Director and Chairman.
Ian Waterfield, Investment Director at YFM, said: “The shift into the cloud is accelerating, providing small establishments having an an opportunity to access technologies and services previously only obtainable to large corporates. Sipsynergy offers established a good cloud-hosted solution for SMEs and evolved a partnership with Cisco which provides a particular way to market.”
John Fox, co-founder of Sipsynergy, added: “Your time and money by YFM comes within the right time for Sipsynergy and definitely will enable us to scale the business enterprise in order to reach demand from end customers and channel partners for hosted telephone solutions.”
