e-know.net

e-know.net was established by entrepreneur David Redwood at the height of the technology boom in 2000.

Nature of business

Fully managed IT services for SMEs and corporates.

Description of deal

e-know.net was sold to Nasstar plc for consideration of £13m representing a total return on the original investment of 3.6 times money.

Growth strategy

To invest in new technology to scale up the business and offer new services.

David had already successfully created and sold Largotim, the Enterprise Resource Planning (ERP) systems integrator. Martin Green had previously invested alongside David to support the overseas expansion of Largotim. So, when the opportunity arose to support David’s new venture, Martin and NVM were keen to invest.

In 2004, NVM invested £1.5m in e-know.net to help David continue to invest in technology infrastructure to expand the range of services offered. He has built a strong and entrepreneurial management team that has succeeded in driving the business forward.

e-know.net provides a comprehensive cloud service package, offering hosted desktop and exchange services, managed Voice over Internet Protocol (VoIP), Software-as-a-Service (SaaS) and IT support. The business has focused principally on direct sales to the legal, financial services and recruitment sectors, benefiting from its ability to support industry specific regulatory requirements.

For NVM, there was no better way to understand a portfolio company’s client needs than to become a customer, and our transition to e-know.net’s cloud-hosted IT environment has proved to be a great success.

David Redwood and his team have developed a powerful hosted desktop proposition and now is the right time for them to expand into a wider client base as part of a larger group.

In 2014, NVM sold e-know.net to AIM-listed Nasstar plc to become part of a larger group to enable the business to reach out to a wider range of business types and sizes – capitalising on the accelerating growth in the hosted desktop and managed applications market.

We have had a long-standing relationship with Martin Green and his team at NVM and I would not hesitate to work with them again in the future.

David Redwood, Chairman of e-know.net