DSP’s Explorer UK Acquisition: A Growth Path
YFM Equity Partners backed a £10 million (US$11.8 million) management buyout of DSP in August 2018. Moreover, YFM invested £5.3 million (US$6.27 million) in the MBO with capital in that deal provided by Santander Growth Finance.DSP since that time has doubled its profitability and grown its contract base by 300 percent, according to its own numbers.Explorer founder Ian Thomason joins DSP Group's board, with Simon Goodenough becoming Group CEO, the company announced. The new combined group will continue to operate from DSP’s three offices and Explorer’s Leeds head office. DSP's overall revenue will surpass £20 million (US$23.69 million). Profits will also rise substantively -- though actual figures weren't disclosed. The combined business plans to expand both organically and through more acquisitions.DSP Acquires Explorer UK: Executive Commentary

“Explorer’s pedigree as an award-winning provider of enterprise grade Oracle solutions addresses our need to offer clients a variety of options, from ultra-fast on-premise database infrastructures to highly secure, integrated cloud environments, all managed by our global managed services delivery team.”
“By combining two market leading specialists in their respective domains, we will accelerate our individual growth ambitions, resulting in a sum greater than its parts. As well as our shared and deep heritage with Oracle technology, customers from both organisations will benefit from capabilities spanning Microsoft Azure Services, APEX Development, Machine Learning and, of course, Oracle Cloud Infrastructure. I am hugely excited by the next step we are all taking together.”
“The acquisition gives the new group greater scale, more capacity for growth, the ability to compete for larger contracts and puts it in a strong position to take advantage of the huge opportunities available in the UK and globally. Since our investment two years ago, we have already seen impressive growth with profits doubling and its contract base trebling, and we expect to see further expansion, both through organic growth and acquisition.”