BPD Global Group, the IBM Maximo enterprise asset management partner for global asset-intensive organisations, has secured a significant loan from BOOST&Co.
The funding will enable the firm to work with Galanthus Partners, an investment partnership with extensive experience in the technology, media and telecoms (TMT) sector, which is acquiring BPD to support the company’s recent growth and invest in future opportunities.
BPD works with more than five million enterprise assets worldwide, of which 1.2 million are critical assets representing more than 33,000 individual users. It is one of the few Maximo partners that provides enterprise asset management and asset performance management across North America, Europe and Asia.
The business will use the loan to support its growth ambitions, strengthen its senior management team and build on the success of its innovative MaxiCloud platform, which, along with BPD’s outstanding customer service, has helped the firm to establish a strong and loyal client base.
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager offers loans from £1m to £10m, covering a wide range of sectors, with a strong track record in TMT.
It has funded more than £500m across more than 140 deals to date and provided close to £200m under the government’s Coronavirus Business Interruption Loan Scheme in 2020 and 2021 to support UK SMEs during the Covid-19 pandemic.
George Lightfoot, the founder of BPD, says: “With a strong and consistent performance history, we are looking forward to welcoming Galanthus Partners to support the next stage of our growth.
“The investment from BOOST&Co will enable us to continue to provide our customers with the best possible support, establishing trusted partnerships and delivering tailored solutions to our global clientele. The loan means we will be able to help even more companies to future-proof their businesses, as well as supporting and expanding our own team.”
Martin King, principal at BOOST&Co, says: “BPD is a global leader in its field, and in recent years, its MaxiCloud platform and in-house developed accelerators have seen the company go from strength to strength.
“BPD’s partnership with Galanthus Partners will strengthen its already impressive senior management team, so we are delighted to provide funding to help its leaders create more jobs and achieve the company’s ambitious targets for growth.”