DSP partners with LDC as part of international expansion

By Tom Kilkelly

16 October 2023

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Credit: DSP

Thames Valley-based IT firm DSP has partnered with LDC, part of Lloyds Banking Group, to bolster its international expansion plans.

The enterprise data and cloud platform specialist manages high-performance database and IT infrastructure to customers in a wide range of sectors, including financial and professional services, transport, healthcare, education and the public sector.

This transaction marks YFM Equity Partners (YFM) and DSP parting ways following a five-year partnership. Since YFM’s investment in 2018, DSP has grown revenues by 500% to £30m in its current financial year, and increased headcount to over 200 people across the UK and Ireland.

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LDC’s investment was led by Investment Director Chris Baker and Investment Manager James Garland. As part of the transaction, John Hawkins will continue as DSP’s Chairman and technology entrepreneur Graham Gilbert will join the board as Non-Executive Director.

Simon Goodenough, CEO at DSP, said: “From early on, LDC’s technology expertise and management-led approach were clear to see.

''They took the time to understand our business and our ambition for the future, drawing on their experience of helping technology businesses scale.”

“We’ve grown significantly in recent years, both organically and by bringing fantastic, complementary businesses into the DSP family, which has helped us broaden our customer offering and service capabilities.

''I’ve been fortunate to work with first-class leaders, both alongside me on the board and indeed throughout the whole company.

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.