Digital Wholesale Solutions (DWS) is demerging from Daisy Group, following a strategic partnership with private equity firm Inflexion, which has taken a significant minority share in the IT, communications and cloud platform business.
The demerger, which values DWS at £1bn, is the final step in separating DWS from the Daisy Group, with most Daisy Group shareholders reinvesting directly into DWS.
The channel-only software platform business provides IT, communications and cloud products and services on a wholesale basis to more than 6,000 UK partners serving the SME community. Vendor partners include Vodafone, O2, BT/EE, Microsoft, TTB and Virgin Media Business.
DWS, which recently acquired cloud distributor Giacom, will continue to be led by its existing management team, including CEO Terry O’Brien and Chairman Matt Riley, founder of Daisy Group.
Riley said: “In a fast moving, dynamic, highly competitive market, with customers demanding more from their partners, we made a strategic decision to separate our direct and indirect businesses to provide better focus and agility. The change has re-ignited the growth in all our businesses and today’s announcement is the next step on that journey.”