Trade sale of Vysiion to Exponential-e

Vysiion Group, a BGF-backed communications infrastructure and outsourced IT service provider, has been acquired by Exponential-e, a UK-based cloud, network and unified communications provider.

Isca Ventures acted as lead corporate finance adviser to Vysiion, with legal support provided by Roxburgh Milkins. The transaction delivers an exit for BGF, who provided growth funding for the business in 2015.

The acquisition will see the alignment of Exponential-e's and Vysiion's respective portfolios and expertise. This will provide customers with enterprise-wide digital solutions and consultancy, focused on delivering solution outcomes for our clients' projects in both public and private sectors. 

Wiltshire-based Vysiion delivers integrated turnkey solutions providing critical infrastructure into sectors such as utilities, defence, central and local government, and emergency services. Exponential-e will benefit from Vysiion's vast industry expertise, extensive security accreditations and existing deep relationships, enhancing its own industry access. 

Ongoing funding and the integration of Exponential-e's wide spectrum of technology solutions and capabilities will enable Vysiion to deliver on its future growth plans and strategy. Exponential-e's extensive services portfolio will underpin Vysiion's delivery of complex deployments across cloud, network services, security, voice and ongoing managed services. 

Lee Wade, CEO of Exponential‐e commented: "This is an exciting opportunity for Exponential-e. Vysiion is a high quality company that has been built by the dedication and commitment of its staff over many years. Having worked together on previous projects, we knew there was a very close measure-of-fit between our respective companies”

Bruce Brain, Chairman of Vysiion commented: "With the acquisition of Vysiion by Exponential-e, Vysiion can continue to build upon its original strategy of utilising its strong reputation within the utilities market of delivering and supporting Critical National Infrastructure to support the creation of a significant IT services provider that successfully serves the large and rapidly growing public and private sector. Exponential-e provides Vysiion with access to a wider depth of services and will allow us to pursue larger opportunities. Exponential-e is a fantastic cultural fit and, going into the next phase for Vysiion, will be a great home for our staff and customers."

James Austin, an Investment Director at BGF, said: “In Vysiion Group we found a differentiated mid-market player with deep expertise in outsourced cloud services. BGF has delivered a money multiple of c.3x and a strong return for all shareholders. Our flexible approach has helped to achieve another milestone in Vysiion’s journey, and it goes to a great home.”