– Partnership with Izy Capital on investment round enables firm to move toward £1BN annual revenue goal by 2030
LONDON » June 29, 2020 » FlyForm » Izy Capital
, /PRNewswire/ — Today, Ltd – a UK-based Elite ServiceNow partner – received a growth capital investment from Lloyds Bank, in partnership with as Lead Advisor. With this investment, FlyForm will continue to consolidate its position as the leading ServiceNow consultancy firm, before expanding into complimentary market spaces, ultimately targeting annual revenue of £1 billion over the next 10 years.
Cardiff » Wales » Arron Davies » Philip Davies » inductees
Founded in late 2015 and headquartered in (), FlyForm is led by co-founders (COO) and (CEO) – one of WalesOnline’s “2019’s 35-under-35” . Since its early days, the company has quickly expanded to work with clients across the UK and experienced compounded annual growth rate of 261%. The company’s current clients span a variety of sectors, including government, financial services and healthcare.
Philip Davies » Wales’
“We are beyond grateful to Lloyds Bank and the Izy Capital team for their help in achieving this massive opportunity,” says CEO . “I look forward to working with my co-founder Arron and our growing team toward our vision of building first global technology consultancy with £1bn in annual revenue. This injection of capital will help us accelerate even faster into the next level, as well as being a huge vote of confidence in our vision to continue supporting the local economy with hundreds of jobs in the near future.”
ServiceNow » revenue » $3.5bn » achieved » targets » $10bn
FlyForm works exclusively with – one of the leading global B2B cloud platforms with 2019 of . Earlier this year, FlyForm ServiceNow Elite Partner status, the highest ranking level for a UK-based partner. As ServiceNow global revenue of , FlyForm remains committed to bringing the cloud software platform and its ground-breaking technological innovations to more organisations around the world.
“FlyForm are a fantastic example of the vibrancy and the growth opportunity within the ServiceNow partner ecosystem,” says Seb Fitzjohn, Vice President of Alliance & Channel Ecosystem EMEA at ServiceNow. “A big part of ServiceNow’s strategy is to create the conditions for our partners to invest and scale, based on delivering customer success, and amazing experiences on the NOW platform.”
Christopher Ryan
“We are delighted to support FlyForm with their scale objectives,” says , relationship manager at Lloyds Bank. “Their growth trajectory over the past several years has been remarkable and we very much look forward to a long-term relationship as digitisation is forced to the top of all enterprise agendas.”
David Rees
, Managing Partner at Izy Capital (and Lead Advisor for this round), says, “We have been working with FlyForm for several years. They are an awesome bunch of guys as borne out by CAGR since 2016 of 261%. With the widescale migration to enterprise cloud digitisation and the support of the incredible ServiceNow ecosystem, our clear sense is this is just the beginning.”
FlyForm () is an Elite ServiceNow partner, providing consultancy, implementation and managed services. Formed in 2016, the group has seen CAGR in excess of 200% driven by a commitment to the four pillars of success:
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Izy Capital is a global early stage venture capital and growth stage advisory practice. With a presence in , UAE, , and , Izy looks to work with globally aspirational founders who have the ambition, drive, resilience, and vision to deliver against significant market opportunity.
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