Digital consultancy Vendigital receives funding from Livingbridge
Vendigital, a global consultancy based in London, has secured a major investment from private equity firm Livingbridge. The news comes as the latest chapter in a succession of funding packages Livingbridge has handed the growing UK consulting sector.
Operating from hubs in Europe, America and Asia, Vendigital specialises in advising corporates and other organisations in supply chain structuring and optimisation, as well as cost reduction and procurement strategies. Its technology team also helps businesses develop bespoke systems to harness big data and drive organisational value. Operating in the field for almost two decades, the consultancy helps clients optimise operations to unlock untapped margins, ensuring a cost advantage to win more business and leverage new technology.
Headquartered in London, with additional offices in Hong Kong and Chicago, Vendigital also hosts an in-house Data Science lab, which provides bespoke solutions which streamline data collection and analysis to produce actionable insights. Thanks to its expertise, the firm has enjoyed bullish growth, and was ranked by the Financial Times in the UK’s Top 25 Leading Management Consultancies in 2019. Vendigital will likely see demand spike further as it was recently crowned a winner at the annual MCA Awards, scooping the prize for Commercial Excellence for its work with Spectris.
In order to cater to its increasing client base, Vendigital has secured funding from private equity firm Livingbridge. Global dynamics such as increasing M&A activity and accelerating digital disruption have put tremendous pressure on cost, efficiency and operating models. Livingbridge’s investment will be used by Vendigital to take advantage of this rapidly-growing market, both organically and through acquisitions, to further develop its international presence, as well as further expanding its employee headcount.
Dominic Jephcott and Roy Williams, co-founders and Managing Partners at Vendigital, remarked, “This is an exciting time for the business. Livingbridge is the ideal investment partner for us with a successful history of supporting organisations with ambitious growth plans. We’re looking forward to continuing to build on our position as a leading technology-led consultancy while growing our team and increasing our global footprint.”
The deal sees Livingbridge add to the growing number of consulting firms it has invested in. With the UK consulting market remaining one of the strongest growing elements of Britain’s economy, Livingstone took a minority stake in Efficio in 2015, returned Broadstone Group to independence in 2016, and backed Catalyst Development in 2017.
Commenting on the firm’s latest deal in the sector, Matt Upton, Partner at Livingbridge said, “We are delighted to announce our investment in Vendigital. At a time when the C-Suite is under increased pressure to drive down costs, improve efficiencies, and create strategic value across their entire operating model, Vendigital stands out with its proven track record and innovative solutions.”
