Evolve, a Wigan-based IT service provider, has secured a significant investment from BGF.
The company aims to expand its UK and international presence following this new funding.
Impressive Growth and Future Targets
Founded in 2005, Evolve has made waves by helping businesses lower costs and streamline service management. The firm has seen rapid growth, with turnover rising from £6.8 million to over £20 million this year. Evolve aims to double its turnover within the next three years.
US Expansion and New Sectors
The US expansion is a key part of Evolve’s strategy to diversify and grow. With the new funding, they can invest more into this venture and capture new market share.
Infrastructure and Workforce Growth
Since 2020, the company has grown its staff from 23 to 117 employees, reflecting its ambitious expansion plans.
Strategic Partnerships
With the support from BGF, Evolve aims to deliver exceptional value to its stakeholders.
BGF’s Role and Expertise
Pinesh Mehta noted that Evolve’s loyal customer base and strong management team were key factors in the investment decision. He believes the partnership has significant potential for growth.
A New Board Addition
His wealth of experience is expected to contribute greatly to Evolve’s growth and strategic initiatives.
Conclusion and Future Prospects
The investment solidifies Evolve’s position as a key player in the IT service sector, poised for significant growth.
Evolve’s recent funding boost set the stage for remarkable growth in both UK and international markets.
The firm’s strategy to expand into new sectors and bolster its workforce showcases a promising future.