In a move designed to support the continuing expansion of its global operations, leading provider of voice and data recording solutions Red Box Recorders has undergone a management buy out (MBO).
The buyout is backed by a £14 million investment from ISIS Equity Partners with Cavendish Corporate Finance advising on the deal.
CEO Lee Jones will lead the company with continued support from his experienced senior management team. The MBO will facilitate the continued development of the business, which has achieved annual growth of more than 20 per cent for the past five years. This will include taking advantage of new business opportunities within overseas markets, in particular North America and Asia Pacific, and extending Red Box's global workforce by almost 50 per cent.
Lee Jones, CEO of Red Box Recorders commented: "As one of the most established and fastest growing voice and data recording businesses, we have become a valued technology partner for an increasing number of private and public sector organisations both in the UK and globally. This latest development will give us the resources to invest in the business and drive growth by supporting our resellers, expanding internationally and continuing to develop leading technology solutions."
Red Box is headquartered in Nottingham, with regional offices including London, New York, Singapore and Dubai, as well as a worldwide reseller network of more than 200 partners. The company provides customer-focused solutions that help overcome the precise challenges of the contact centre, financial services, healthcare, government and emergency services sectors.