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Lightwater, Surrey, United Kingdom, 2010/12/01 - DCG announces that it has completed a £1.5m fund raising from Foresight Group, a leading alternative asset manager, to accelerate new product development and growth plans.
DCG, the specialist data management, security and continuity services provider, today announces that it has completed a £1.5m fund raising from Foresight Group, a leading alternative asset manager, to accelerate new product development and growth plans.
As part of the investment strategy the Board has strengthened senior management with the appointment of Martin Peck as Interim Chief Executive Officer, enabling Peter Wilks, the founder managing director to focus on delivering the ambitious growth plans for the business. James Harris will now lead the Company’s product development and Partner development strategies.
Announcing the investment Martin Peck said “I am delighted to be working with the DCG team – the company has a very strong lead across EMEA in data managed services reflected in the quality of the customer relationships and in its partnership with several international vendors, notably, Symantec. Our plans are very much focused on rolling out several exciting major product initiatives, importantly PRO Grid - the next generation private cloud data management and continuity platform.”
Russell Healey, DCG board member Director, speaking for Foresight said, “We have seen great potential in the data solutions sector since our first investment in DCG. DCG has secured an enviable customer and product record. Looking forwards we were particularly interested in DCG’s lead in the converging worlds of cloud and virtualisation technologies and we are delighted to be able to provide the investment funding needed to deliver DCG’s next ambitious plans for product and growth. DCG provides an excellent prospect and accordingly a good fit for our technology investment criteria.”
Aboout DCG Group
DCG Group (dcggroup.com) is the specialist enterprise data management and continuity services provider. Founded in 2002, DCG provides professional services, systems integration and managed services to the corporate and public sectors across EMEA for international businesses. It specialises in data management, backup, continuity and storage solutions working in partnership with major vendors such as Symantec, EMC, HP and Dell.
About Foresight Group
Foresight Group (foresightgroup.eu) is an alternative asset manager with a strong 25 year track record and specific expertise in environmental infrastructure, solar energy and private equity. The group has over 200 years of collective investment experience and offers entrepreneurial managers capital and hands-on expertise to create long-term value and generate higher returns for shareholders. Foresight Funds are quoted on the London Stock Exchange and it has over £200m of funds under management.