Westbridge-backed ISG Technology appoints McKay as chair

ISG Technology, a portfolio company of Westbridge Capital, has named Jonathan McKay as chairman. Currently, McKay is chairman of JustGiving. UK-based ISG Technology is a provider of IT services.

PRESS RELEASE

ISG Technology has announced the appointment of Jonathan McKay as non-executive chairman.

Jonathan has a strong background in strategic development, sales, marketing and general management, gained in the technology sector. He is currently Chairman at JustGiving, the UK’s largest online fundraising platform; La Fosse Associates; Driftrock; Cambridge Broadband; and Forward Partners. He is also an advisory board member of Ventech China.

Prior to these appointments, Jonathan had a successful career in high growth software companies, including Sun Microsystems where he worked both in the UK and the US. He has accumulated a wealth of experience in the formulation and execution of value creation strategies in both an executive and non-executive capacity throughout his career.

ISG Technology designs, installs and manages mission critical networking infrastructure and Wi-Fi connectivity for mid to large size enterprises with hundreds – often thousands – of sites. ISG supports both public and private enterprise, including the retail, quick service restaurant and major global ICT and telecommunications sectors. It’s ability to innovate while delivering exceptional customer service was recognised by WestBridge, which supported Mike Morrison in a secondary buyout last year with a £4m investment.
CEO, Mike Morrison, said of McKay’s appointment:

“Over the last four years we have experienced compound double-digit growth in revenue and EBITDA and this has continued and accelerated since the investment from WestBridge. We remain committed to further value enhancing growth and we wanted to appoint a chairman that could make a significant contribution to this objective.

“Jonathan has exactly the right background and approach to do this. It has already become clear that his fresh perspective will help us to refine our business strategy, customer propositions and go to market model for existing and new markets, and for the benefit of all ISG stakeholders. I and my colleagues are very much looking forward to working with Jonathan in the years to come.”
WestBridge partner Valerie Kendall, who sits on the ISG board, said:

“ISG is already strong in its sector, benefitting from a robust business model, a loyal customer base and healthy recurring revenues. We’re now keen to pursue further growth, predominantly through refining our service offering, and Jonathan’s sales and marketing expertise made him the natural choice for the role of chair.”

Sandy Smart, fellow WestBridge partner, explained:
“Jonathan has significant experience working with private equity backed companies so understands the drivers and dynamics involved. We’re delighted that he has chosen to invest in ISG, and are looking forward to working with him to deliver returns for all stakeholders.”

About WestBridge Capital:
Formed in 2008, WestBridge Capital typically invests in profitable, fast growing UK SMEs with enterprise values of £10m to £20m.
It has an enviable reputation for providing positive support and advice to its investee companies.

The four founding partners have over 100 years’ experience in the private equity market and a proven track records of successful investment.

About ISG Technology:
ISG had turnover of £21m in the last financial year and employs circa 180 people across the UK and at its European support centre in Sofia, Bulgaria.

The company is recognised for its expertise in large scale Network installations across 100’s and 1000’s of customer sites. These services provide the backbone for highly resilient network performance, end user customer satisfaction and retention, profit enhancement and operational efficiency.

The Wi-Fi and broader “connectivity” market continues to grow at a significant pace both in the UK and globally. Forecasts show that this growth is forecast to continue over the medium to long term.