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
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.