Timico appoints Neville Davis to its Board as Non-Executive Chairman following recent investment by Lyceum Capital

– UK, Newark – Timico, the Managed Cloud Service Provider, has announced the appointment of managed IT specialist, Neville Davis, to a new position as Non-executive Chairman.

An entrepreneurial business leader with over 20 years’ experience as a chief executive, including 12 years at a quoted company, Neville has a particularly strong track record in scaling and developing private-equity backed companies, having chaired and grown other tech businesses to in excess of £300 million turnover and 1500 employees.

His appointment follows a £50 million investment in Timico by growth investors Lyceum Capital in February 2017 as part of Timico’s ambitious plans for growth and to finance future selective acquisitions.

As well as his new appointment at Timico, Neville Davis also currently chairs private equity-backed IT companies, Peppermint Technology and Clifford Thames, as well as travel management company Key Travel, and is also Non-executive Director of Kalibrate. His previous chairmanships also include SecureData, Fourth, Trustmarque (now part of Capita), Ascribe and Amor.

To cement its mark in the managed IT service space, Ben Marnham, CEO of Timico, recently led a programme of change to reorganise the business around a single Timico brand and service model, honing its strategy and new proposition as an end-to-end Managed Cloud Service Provider in the IT and cloud space in preparation for its next stage of growth.

Ben said: “Neville’s considerable experience in managed IT and more than 20 years as a successful CEO will be a real asset to Timico. I am looking forward to working closely with him to drive forward our Managed Cloud Service Provider (MCSP) strategy and to deliver real value to our clients as we support them on their digital transformation journey.”

Commenting on his appointment as Non-executive Chairman, Neville Davis said: “I am excited about the strategic journey Timico is taking and its approach to simplifying its clients’ IT infrastructure with a range of innovative, consumption-based IT solutions. I am confident that I can make a significant contribution, helping the team realise its ambition in the UK mid-market.”

Adds Simon Hitchcock, Non-executive Director and partner at Lyceum Capital: “Neville has an excellent track record in leading private-equity backed technology businesses and really understands the dynamics and challenges of delivering on strategy in our highly competitive and driven environment. We are delighted to welcome him on board.”

About Timico

As an end-to-end Managed Cloud Service Provider, Timico delivers a comprehensive range of business-enabling solutions, from consumption-based models through to fully-managed infrastructure and aggregated cloud offerings.

Founded in 2004, Timico’s success stems from both organic growth and strategic acquisitions. Today, backed by growth investors, Lyceum Capital, Timico supports the UK and international needs of its clients from three UK-based locations in Newark, Winnersh and London.

Key clients include Greene King, Goodwood, Informa, Shoezone, The Girls’ Day School Trust, Jimmy Choo, UNiDAYS, John Laing Group, Hobbs, Mitsubishi Motors UK and The Savoy Hotel. Timico’s 10Gbps MPLS core network enables the secure delivery of applications and data to clients’ office, retail and homeworker locations. Timico operates a Tier 3+ data centre which supports the delivery of a range of IT, cloud and hosting solutions. It is also a fully licensed mobile service provider for the O2 and Vodafone networks and supplies a range of unified communication and collaboration solutions.

Timico was ranked in the top 25 fastest growing companies in The Sunday Times Microsoft Tech Track four years running, from 2007 to 2010. The business was awarded ITSPA’s Unified Communications Solution of the year in 2008 as a result of its early involvement in IP technology, and has since been highly commended in many other internet industry awards, including Best Business ITSP and Best Business Customer Service Provider. Most recently, Timico won a 2016 GTB Telecoms Innovation & Technology Award for its Synergy hosted UC, mobility and collaboration solution.

In December 2015, Timico was named as the new sponsor of the Cheltenham Gold Cup in a four year deal and awarded preferred supplier status to The Jockey Club’s portfolio of 15 racecourses.

For more information : http://www.timico.com

About Lyceum Capital

Lyceum invests between £10m and £75m in fast-growing, UK-headquartered companies, with a focus on B2B services and technology. Since Lyceum was founded 18 years ago, we have backed more than 135 businesses and provided over £1.5 billion in funding. We have a strong track record of working alongside entrepreneurial managers to accelerate growth and achieve scale, unlocking the full potential of every business we back.

All of our portfolio companies are supported to expand through acquisition as well as organically. We have completed more than 110 add-on acquisitions to date.

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