Cotswold tech firm Kubus hails £9m investment from BGF

Gloucestershire-headquartered IT group Kubus has received a £9 million investment from BGF to accelerate its global growth plans.

Founded 21 years ago, Kubus, based in Cirencester and a value-added reseller (VAR), offers a range of IT infrastructure solutions, including in networking, storage and cyber security to blue chip firms and public sector organisations.

As well as the £9 million injection, Kubus' leadership will be bolstered with the appointment of non-executive chair Paul Brennan who comes aboard via equity investor BGF's talent network.

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"We are thrilled to partner with BGF and leverage their expertise and resources to take Kubus to the next level," said Andrew Humphrey, CEO of Kubus.

"As a business based in the heart of the Cotswolds, we’re proud to be working with businesses and organisations across the world.

"This investment will allow us to accelerate our global growth plans, innovate faster, and deliver even greater value to our customers. With the added support of Paul Brennan in his new role as non-executive chair, the road ahead looks very exciting indeed."

Edwin Davies, investor at BGF, added: "With strong vendor relationships and a long-standing, blue chip customer base, Kubus has demonstrated impressive growth and innovation in the technology sector.

"We believe they are well-positioned to capitalise on the strong market opportunities ahead and look forward to working alongside Paul Brennan and the Kubus management team on their growth journey."

Kubus already works with several IT vendors in the sector, including Juniper Networks, Cisco, Dell, Fortinet and Pentera.

In the year to end-March, 2024 the firm reported £35 million turnover and £2.6m in earnings before interest, tax, depreciation and amortisation (EBITDA).

The BGF investment will help it make targeted acquisitions, enhance its marketing and sales capabilities, strengthen its operational infrastructure and explore new market opportunities.

Since it was set up in 2011, BGF has invested more than £4bn in over 600 companies, making it the most active investor in the UK.

The Kubus investment continues a strong year for BGF’s South West team following a £9m investment in Plant-Ex, a £5m investment in PureCyber and the successful exit of Hydrock which delivered a 6x multiple return and a 40 per cent internal rate of return (IRR) for BGF.