We acquired a majority stake in Studioworx, an award-winning digital agency with strong capabilities in eCommerce. Mark Withers, the Founder and Managing Director of the company, remained on board and continues to lead the business today.
Through working together with Mark, and making strategic investments into the business including creating an office hub in Norwich, centralising back office functions and building a sales and marketing department, the company’s revenue has increased by 50 percent YOY.
Mark decided to sell shares to us because he recognised the need for a deeper management team to help him take his vision for the business to the next level. We have been able to offer the support that he needed and the financial strength required for expansion, and we are now exploring strategic acquisitions to increase the company’s capabilities going forward.