Clearwater International UK has advised specialist provider of managed and hosted IT services to the UK legal sector Converge-IT.Net Ltd (Converge TS) on its significant investment from Tenzing Private Equity.
Founded in 2006 by MD 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 as a Service, Hosting, Business Continuity as well as other managed IT and infrastructure services. The business 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 services from its existing client base.
Converge TS differentiates itself in the legal sector via a deep knowledge of legal IT infrastructure requirements and the applications used by law firms together with an understanding of clients’ compliance and security priorities. Clients are increasingly hosting their systems off-site to enable flexible working, eliminate investment in hardware and bolster security against cybercrime with robust IT solutions.
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 Clearwater International team was led by Partner Carl Houghton with support from Directors Emma Rodgers and Wesley Fell-Smith, Senior Associate Finn O’Driscoll and Associate Kirsten Handley.