Bring complementary skills and experience to the Node4 group with exciting growth opportunities
DERBY, England, July 20, 2021– (COMMERCIAL THREAD) –Node4, a leading cloud-based Managed Service Provider (MSP), today announced the acquisition of TNP (The NAV | 365People), a major partner of Microsoft Dynamics 365. The acquisition is the Node4’s largest to date and the first since the recent announcement of Providence Equity Partners as a new lead investor. Terms of the transaction were not disclosed.
TNP sells, implements, and supports business solutions based on Dynamics 365 Business Central, Power Apps, and Power BI. TNP is Microsoft’s largest pure partner in the UK in this market segment and brings a wide range of complementary skills to the Node4 portfolio. Providing business systems and support to over 500 customers, TNP’s background, skills and experience will significantly enhance Node4’s end-to-end managed services portfolio. With Microsoft Gold Partner status on ERP, Application Development and Cloud Platform, plus additional Microsoft certifications including cloud solutions for small and medium markets, data analytics and application integration, the TNP team has provided industry-leading service and support and exceptional financial performance through a long-standing customer base generating high levels of recurring revenue.
The acquisition will see TNP become part of the Node4 group, with TNP continuing to operate as an individual business unit under the leadership of Paul White, executive chairman, with the support of Paul Wellingham, chief commercial officer, and Ian Humphries, founder and chief Architect, with 260 TNP collaborators and highly qualified consultants. TNP will benefit from access to Node4’s broader portfolio of cloud-based infrastructure services and industry-leading support, while significantly improving Node4’s ability to deliver Microsoft-based enterprise application services .
From healthcare providers who need to deliver critical care faster to insurers who need to deliver secure digital services to housing associations putting self-service apps at their tenants’ fingertips, businesses rely on Node4 to deliver. 24 hour critical IT. The acquisition of TNP expands Node4’s capabilities in the large and addressable ERP market, which is estimated to exceed £ 2 billion by 2024, supported by ERP penetration, the migration continues to cloud and vendor support strategies. Together, Node4 and TNP will provide an integrated end-to-end customer experience, with cloud-based solutions that improve productivity and increase agility for new and existing customers.
“TNP is an extremely impressive organization and this acquisition is an important part of our strategy for continued growth. Everything from his leadership and team to his culture and capabilities resonates with the approach we have here at Node4, ”said Andrew Gilbert, CEO of Node4. “They have an ambitious and compelling organic growth plan in an important segment of the technology industry and TNP’s technical capabilities and credentials in NAV, Business Central and Power Platform ideally complement Node4’s already comprehensive service portfolio. We believe that together we can provide the market-leading end-to-end services that customers increasingly seek. “
Paul White, Executive Chairman of TNP, said: “This announcement is another exciting development in the history of TNP. It was clear from the start that we share a common passion for providing exceptional service and as a member of Node4 we can play a major role in the continued growth of the Node4 business and help more customers use technology more efficiently to optimize their business processes and improve their productivity. “
Node4 was advised by Weil Gotshal (Legal), FTI Consulting (Financial DD) and KPMG (Tax DD and Structuring).
TNP is a specialist provider of implementation services and excellent support for Microsoft Dynamics 365 Business Central, Dynamics NAV, and Microsoft’s Power Platform. The company is based in the UK, with offices in Newbury and Manchester, and operates a support and development center in Portugal. TNP employs over 250 people serving 540 clients. Learn more about www.TNP.team
Node4 provides advanced cloud-based digital solutions that empower UK businesses to do more.
Providing end-to-end hybrid solutions, Node4 leverages its broad portfolio of managed public and private cloud services, security and collaboration, as well as cloud enablers including colocation and connectivity. Modular solutions, along with transformation services, are designed to support businesses throughout their journey in the cloud.
Committed to exceeding customer aspirations, Node4 teams combine technical expertise, innovation and exceptional service as a standard to meet the needs of businesses across all industries.
With the infrastructure fully owned by Node4, best-in-class integrated tools, and strategic relationships with leading vendors in the market, customers can expect access to a full range of sophisticated and scalable solutions.
Node4 has nationwide capacity, with its own data centers in Derby, Leeds and Northampton, and points of presence in London, Manchester and Edinburgh. This reach enables Node4 to provide mission-critical IT services to over 1,200 customers across the UK.
The key to Node4’s success is its friendly and supportive culture, with Great Place to Work® ranking it as one of the UK’s best places to work ™.
About Providence Equity
Providence Equity Partners is a leading global private equity firm with approximately $ 45 billion in total capital commitments. Providence pioneered a sector-based approach to private equity investing with the vision that a dedicated team of industry experts could create exceptional companies of lasting value. Since the company’s inception in 1989, Providence has invested in over 170 companies and is a leading equity investment firm focused on the media, communications, education, software and services industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit www.provequity.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210719005604/en/
Media contact for Node4 and TNP:
+44 (0) 7746 548214