Welcome!

News Feed Item

Nair & Co and High Street Partners Merge to Create Radius, a Global Growth Powerhouse

Nair & Co, a leading provider of international expansion services, has merged with competitor High Street Partners (HSP), to create a global accounting and administration powerhouse that enables clients to manage their global operations at the touch of a button.

With combined revenues in excess of $90 million, the new company - named Radius - brings together two longstanding, experienced players in this marketplace. It provides clients with increased resources, an enhanced knowledge base and a dedicated, proprietary software platform to support overseas office activities. The terms of the transaction were not disclosed.

The overall statistics of the new business are impressive:

  • 700+ employees
  • 500+ active clients
  • 6,000+ client employees in more than 80 countries

As well as providing enhanced finance, banking, tax, HR, legal and compliance services and solutions, Radius will accelerate the rollout of OverseasConnect, a proprietary, cloud-based software platform designed to manage international business operations from the desktop. Created and developed by HSP, this platform helps businesses use technology to manage their multi-office sites.

Talking about the new business, Chris Stone, CEO of Radius and previously CEO of Nair & Co, states: “The combination will see Radius adopt Nair & Co’s robust client-focused service operating model and HSP’s sales, marketing and technology capability, creating a business that is exceptionally powerful and a ‘best of breed’ in this industry. Radius will be the global growth experts that businesses turn to when they launch, manage or outsource their international operations.”

Financing for this transaction was led by HgCapital, the private equity business that purchased Nair & Co in August 2013, Silicon Valley Bank and Lloyds. Matthew Rourke at HgCapital states: “Bringing these two businesses together creates a clear leader in the marketplace. The size, expertise, services and software provided by Radius will ensure significant growth for the company as more businesses take advantage of the global growth services that Radius offers.”

Clients will benefit from:

  • Increased service offerings delivered by a single, in-house specialist team
  • More in-depth skills and expertise to provide greater client-focused, tailored solutions
  • A bespoke software package – OverseasConnect – which allows clients to manage and control their international operations from their desktop
  • Greater resources and support functions to drive efficiencies and add value
  • Peace of mind that comes from being supported by a bigger and more robust software and services provider

Larry Harding, Founder & CEO of HSP, will remain with Radius and take on the role of Vice Chairman and Executive Director for Corporate Development. In addition, Baird Capital, the largest investor at High Street Partners, will rollover 100% of its equity into Radius and Partner Benedict Rocchio will join the Board of Directors.

Talking about the transaction, Larry states: “This combination is a great fit, commercially and culturally. Both businesses have grown by providing excellent client service and on delivering innovative solutions that meet the challenges experienced by customers.”

Benedict adds: “The opportunity to be part of the strategic vision that Chris Stone and Matt Rourke have relative to this market opportunity was compelling. I am delighted that we have found a like-minded, client-centric business to join forces with.”

Commenting on HSP’s achievements, Chris states: “Larry, the management team and their investors, Baird Capital and Sigma Partners, have built a successful business, with some innovative approaches to supporting clients’ growth globally. In addition, they have introduced an increasing number of dynamic software applications in what has historically been a services-dominated market.”

Radius is expected to see significant growth in the coming years, due to increased demand for international expansion software and services. Chris concludes: “The rapid pace of globalisation is driving the demand for our solutions. Businesses are exploring new territories and need professional experts with the right tools to navigate the operational and overseas challenges that come with entering new markets.”

EDITORS’ NOTES:

About Radius

Radius helps businesses move into new markets, manage overseas operations and outsource entire global accounting and administrative functions. Services include integrated, international accounting, finance, banking, tax, HR, legal and compliance services, as well as a bespoke software platform that allows you to manage all of your global operations from your desk.

Radius combines the collective talents and resources of the former Nair & Co and High Street Partners. To assist its clients, Radius has developed OverseasConnect, a tailor-made cloud-based software platform that manages international business operations. Radius is headquartered in Bristol, UK, and supports more than 6,000 client operations in more than 80 countries, with core offices in the U.K., India, China, U.S., Japan and Singapore.

About the deal

Financing for this transaction was led by HgCapital, Silicon Valley Bank and Lloyds. The vendors were advised by R W Baird.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...