Living Bridge invests £5.7m in IP Solutions

The firm's investment will support the company's expansion plans, namely entering new markets and geographies, while bolstering its customer service operations.

Living Bridge has also simultaneously announced an investment in the management buyout of UK events organiser Upper Street Events.

Living Bridge changed its name from Isis Equity Partners in mid-November. At the beginning of this month, the firm acquired Kirona from LDC in a £20m secondary buyout.

Company
Founded in 2001 and headquartered in London, IP is a UC provider to SMEs and corporates. It provides an integrated range of communication technologies such as hosted voice-over-internet protocol, mobile services and inbound call management.

IP's customers are SMEs and corporates with work forces of 50-500. Customers predominantly operate in the financial services, retail, recruitment, not-for-profit, healthcare and legal sectors.

The company generated £6.4m in revenues this year.

People
Paul Richards is managing director at IP. Paul Morris is a partner at Living Bridge; he led the deal alongside manager Mo Aneese. Morris will join IP's board of directors.

Advisers
Equity – Oakley Capital Corporate Finance, Anthony Yaneza, Chris Brooks (Corporate finance).
Management – Knight Corporate Finance, Paul Billingham, Laura Cockburn (Corporate finance).

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• Topics
• UK / Ireland
• Expansion
• Technology
• United Kingdom
• ISIS Equity Partners