Dot Net Solutions Secures Funding from New Signature Backed by MAVA Member Columbia Capital’s $35M Investment
Dot Net Solutions, Microsoft UK Partner of the Year 2014, announced today that it has secured an initial funding commitment from New Signature, supported by the $35M investment made by Columbia Capital in 2015. New Signature, the Microsoft US Partner of the Year, 2015, is investing in Dot Net Solutions as the platform upon which to build the leading Microsoft partner in the UK. Through this investment Dot Net will further develop its current markets, pursue strategic acquisitions, broaden and deepen existing capabilities and leverage their cutting edge work, in areas like application migration and business transformation, to accelerate growth and pursue an international strategy.
The UK organisation will continue to operate as it does today with Paul Cosgrave as Managing Director, Dan Scarfe as Founder and CTO and Neil Marley as Sales and Services Director. Jeff Tench, New Signature CEO, who has successfully led the New Signature team through tremendous growth over the past 12 months will join the Dot Net board.
The Dot Net executive team, which will remain intact, are looking forward to realising the potential that New Signature’s funding and operating strength will enable. This investment will immediately fuel Dot Net’s ability to deliver expanded services to their customers, alongside its people and partner recruitment strategy in the UK. “We are excited to be entering the next stage of our development alongside New Signature and Columbia Capital,” said Scarfe. “Their combined experience of building successful services organisations through organic growth and strategic acquisitions will enable us to scale more quickly and ultimately deliver more breadth and depth to our customers in the UK.” Cosgrave added, “Dot Net can now accelerate its tremendous growth in the UK, building on our position of leadership as a combined Microsoft public cloud integrator and managed services provider via a number of specific, targeted acquisitions.”