Cloud computing firm virtualDCS has been acquired by private equity firm MonacoSol, ushering in a new senior management team.
The Leeds-based provider of cloud infrastructure and back-up systems will now by led by CEO Alex Wilmot, who succeeds founder Richard May, who has become product development director. Mr Wilmot has previously held senior leadership roles at Ingram Micro, Redcentric and Daisy.
Dan Nichols, a co-founder of virtualDCS, has also returned as chief technology officer (CTO) after more than a decade at Sleek Networks, Secura Hosting and WebContractor. And former CTO and fellow co-founder John Murray has become solutions director.
Meanwhile Kieran Brady has been appointed chief revenue officer - bringing experience from BT, Capita, Deutsche Telekom, Gamma and Redcentric. The appointments follow MonacoSol's undisclosed deal for a majority stake in the business.
Mr Wilmot said: “I’m thrilled to be joining virtualDCS – a business renowned for its expertise in data integrity, data protection, and cyber resilience – at this point in its journey. Its portfolio of services couldn’t be more relevant for organisations looking to protect their data against the growing threats entering the landscape every day.
“With MonacoSol’s backing, we’re building on an already exceptional proposition while accelerating our ability to scale. As Richard and John move into their new roles, we’re able to retain their invaluable industry expertise, providing continuity as we move forward at pace.”
Mr Nichols added: "We’re a business built on trust, and I want to ensure we continue delivering the level of service our customers expect while broadening our technological capabilities. We’ll be modernising our offerings, expanding our resilience-focused solutions, and working with the right partners to enhance our services."
Manchester-based MonacoSol specialises in software and technology investments, and has a portfolio spanning construction software, fintech, B2B sales training and recruitment, among other areas. The firm recently announced a £40m fund to support its acquisitions.
