Knight advises Invosys on its multi-million pound refinance package
Technology and telecoms advisor Knight Corporate Finance has advised communications software provider Invosys on it £6.3m funding package from Santander UK as part of its ambitious growth plans. Invosys is a wholesale provider of its own cloud communications software and platform, dedicated to providing telecoms solutions to business customers.
Founded in 2006, in Manchester by Rob Booth and Peter Crooks, originally the UK’s first specialist web-based portal for inbound call management aimed at SMEs, Invosys has more recently evolved to become a broader communications technology provider.
Knight have known Rob and Peter for a number of years, having advised the shareholders of Juniper Bridge on their trade sale to Invosys in 2018. Knight was able to leverage knowledge of the telecoms market and extensive funder network to obtain a number of different funding options for the business; we ultimately settled on Santander as the preferred party.
Tom Jones of Knight commented “we are delighted to have secured a substantial funding package that will help the business achieve its ambitious growth plans. Invosys’ Number Manager product is highly regarded in the channel and the business has lots of interesting opportunities in the pipeline”.
Rob Booth commented “Knight were a great help in the process, leveraging their industry knowledge and debt funding expertise to ensure that the process ran as smoothly as possible. Their unparalleled knowledge of the ICT sector allowed them to clearly articulate Invosys’ market positioning and product proposition, which was absolutely key in driving competition in the process. They liaised with key stakeholders to ensure an efficient process both pre and post transaction.”