|By Business Wire||
|April 28, 2014 01:00 PM EDT||
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.”
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.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 09:45 PM EDT Reads: 1,492
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 30, 2016 09:45 PM EDT Reads: 1,315
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 09:30 PM EDT Reads: 1,526
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Jul. 30, 2016 07:30 PM EDT Reads: 1,761
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 30, 2016 07:30 PM EDT Reads: 1,317
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 30, 2016 07:00 PM EDT Reads: 2,772
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 30, 2016 05:00 PM EDT Reads: 1,304
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Jul. 30, 2016 04:30 PM EDT Reads: 580
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 30, 2016 04:30 PM EDT Reads: 1,122
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 30, 2016 04:30 PM EDT Reads: 2,276
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Jul. 30, 2016 04:15 PM EDT Reads: 640
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Jul. 30, 2016 02:30 PM EDT Reads: 1,071
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
Jul. 30, 2016 02:00 PM EDT Reads: 538
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 30, 2016 01:30 PM EDT Reads: 982
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Jul. 30, 2016 01:00 PM EDT Reads: 1,863